a five year strategy for a vibrant & competitive city of sydney global sydney
Post on 18-Dec-2015
217 Views
Preview:
TRANSCRIPT
A Five Year Strategy for a
Vibrant & Competitive
City of Sydney
Global Sydney
Prepare for the next growth phase
3,228
1,740
525
322
333
338
680
703
664
2030
2020
Peoplemillions
2009
313
251
181
341
222
137
Africa &Middle East
Central &South America
AsiaPacific
EuropeNorth
America
Asia Pacific middle class to grow six-fold to 3.2bn by 2030, to be ⅔rds of the world’s middle class with spending power of $33 trillion
Source: OECD (2010) – Millions of people comprising each region’s “middle class”
Complacency
Contribution to Australia’s GDP growth
Mercers ranking for Sydney “liveability” 2001 – 4th
2011 – 11th
“The Lost Decade” PwC’s “Cities of Opportunity”
Sources:SGS Economics (2011); Mercer (2012)
Sydney is a leader in Sustainability but lags for Transport and Economy
Source: PwC (2012) – Data variables modelled independently on PwC website
City of Sydney Council AreaThe fast-growing core of Australia’s gateway to the world
Population 2005 2011 Growth
Sydney 159,844 185,422 2.5% pa
Rest of NSW 6.6 m 7.1 m 1.3% pa
Sources: ABS (2012); Tourism NSW (2012)
Internationaltourists toSydney
Financial Capacity
Financial CapacityIncreasing revenues and conservative policies have left the Council with substantial cash and surplus assets
Operating Revenues
$m
Cash & Liquid Investments (30 Apr) 519
Investment Properties 212
Other non-core Real Estate 1,300
SURPLUS $2.2 bn
No borrowings -
NET ASSETS $6.7 bn
Source: City of Sydney Council (2004-2012)
41%Growth
Transport & Infrastructure
Transport & Infrastructure
2km from Central to Circular Quay is relatively straight and flat
Basic cost circa $75m, plus repositioning of utilities and pipes and “terminals”
Private sector to build and run With Council underwrite work could
begin now and be done by 2015
George Street Light Rail
Transport & Infrastructure
Positive Impacts Remove 400 buses/hour at peak
(many of them empty) and switch 200 buses to unserved routes in Western Sydney
Faster, safer movement of commuters and tourists
Productivity and environmental benefits
More pleasant streetscape with benefits for retail, locals and visitors
George Street Light Rail
Transport & Infrastructure
Free Travel Encourages use and prevents pricing
anomalies for short-hop travel Reduces fare collection costs and
commuter inconvenience Good for students and tourists too
Congestion Reduction Charge Peak time car charge at 6 entry points
from East and North of the CBD No charge from West until M4 and
fast Parramatta rail link completed
20-25% reduction in CBD congestion
George Street Light Rail
Urban Renewal &
Environment
Urban Renewal & Environment10 Strategic Sites as priorities
Urban Renewal & Environment
ARTS – Arts Ribbon Train Station Iconic artistic design Centre of the Arts hub Access to Barangaroo & Circular Quay
Supports the Global Centres of Excellence and improved Transport links
Heritage Buildings Better use of Education, Lands & Land
Titles buildings Asia brand 5-star hotel and 1st rate global
education institution
Wynyard Station Bus turning circle as Northern terminus Pedestrian plaza across George Street Mixed-use residential and commercial
Town Hall Square Pedestrianized with views to Hyde Park Bus turning circle as Eastern terminus Thin residential tower, green square
Urban Renewal & Environment
Lower Oxford Street Landscaped gateway to Hyde Park &
the City at College St intersection Light rail extension from City supports
the Entertainment & Hospitality hub More flexible “mixed zoning” to
promote the area’s unique character
Revitalise the City’s tourist hotspots and life improves for residents too
Exhibition & Convention Centre Design to include public car parking
and bus interchange for commuters from the West
Support and encourage efforts to upgrade the site as quickly as possible
Sydney Fish Market Owned by the State but leased No investment since the 1960s Improve the area and renew efforts to
upgrade to Busan/Tokyo style market
Urban Renewal & Environment
Central Station Free George Street Light Rail to
terminate at Railway Square plaza Bus turning circle as Eastern terminus Tall residential towers over rail tracks
with public parking for commuters from South and South West
A vibrant City needs far more housing at transport hubs
Goulburn Street Car Park Improve local traffic flows to offset CBD
street parking in short-term Redevelop as iconic residential tower
block focused on green sustainability
Green Square Upgrade the station to encourage public
transport between the City & airport CSPC to promote faster planning and
development of surrounding area
Governance
Governance
Sydney has a poor track record on major projects – Light Rail, Metro, Green Square
Singapore began planning Marina Bay 2 years after Barangaroo but it’s already up and running, adding 0.8% pa. to GDP
Central Sydney Planning Committee (CSPC) to be upgraded with powers to implement the plans in this Report
The 7 members already represent both Council and NSW State Government
CSPC to be “one stop decision maker” for city planning and transport
Specific extension of CSPC scope:
Tenders to build and operate George St Light Rail, with Arts precinct extension
Implement consequential traffic changes to CBD
Run design competitions including “Citizen Juries” to give master approval for the 10 Strategic Sites
Final say over the City’s planning and transport decisions with authority to overrule NSW Govt Departments
Global Centres of Excellence
Global Centres of ExcellenceClustering of 8 sectors in which the City can have global success
█ Arts & Creative Industries
█ Environmental & Other Technologies
█ Finance & Professional Services
█ Retail
█ Hospitality & Entertainment
█ Asian Food & Culture
█ Education & Health
█ Design & New Media
Recommendations
A Vibrant and Competitive Sydney
Transport and Infrastructure Free Light Rail Fewer Buses Lower Congestion
Ten Strategic Sites CSPC to drive process Citizen Juries to make aesthetic
judgements
Global Centres of Excellence Eight hubs to build upon Clustering for success Development Partnerships
Capacity to invest Integrated plan underwritten
with strong Council balance sheet
Global momentum Shifting centre of gravity to our
region
Improve governance Co-operation between State,
Local (and Federal) governments Upgraded Central Sydney
Planning Committee
The Opportunity The Strategy
www.globalsydney.org.au
Top 10 Recommendations
Central Sydney Planning Committee to become “1 stop decision maker”
Begin iconic constructions on the 10 Strategic Sites during Council’s term
Underwrite funding for immediate start to George Street improvements with light rail, bike lanes and plazas
Make the necessary lane improvements to other CBD roads
George Street Light Rail to be free, funded by Congestion Reduction Charge at 6 city entry points
Encourage candidates in the upcoming election and NSW Government to support:
Turning circles at Wynyard, Central & Town Hall to eliminate CBD buses
Peak hour street parking in the CBD replaced by underground parking
CSPC supported by Citizen Juries and 60 day response time from Departments on Strategic Sites
Global Centres of Excellence strategy to focus on 8 business clusters
Freeze all rates during next Council term, allocating 5% of Business rates for Global Centres of Excellence
top related