Pyrmont's 20-year vision released for NSW Government's COVID Recovery Plan

A new 20-year vision for Pyrmont will shape the waterfront peninsula as an innovative, connected and creative around-the-clock destination, providing much-needed jobs, investment and economic growth, part of the NSW Government’s COVID Recovery Plan.

Up to 23,000 new jobs and 800,000 sqm of new commercial and office space are forecast in a new draft plan released on July 31, 2020, supported by better transport connectivity to grow a mix of hi-tech, tourism, media and information industries.

Launching the plan, Treasurer Dominic Perrottet and Minister for Planning and Public Spaces Rob Stokes said the NSW Government’s draft Pyrmont Peninsula Place Strategy and Economic Development Strategy would help map the area’s future.

The strategy considers big moves for transformation such as a potential metro station at Pyrmont as part of the Sydney Metro West project, a new indoor sports and entertainment venue like our own Madison Square Garden, more and better public spaces (including the return of Wentworth Park as local parkland) and the revitalisation of key sites to attract commercial investment.

Mr Stokes added that Pyrmont has always been an extension of the CBD as a bustling hub for a variety of industries, and the draft strategy outlines the latest incarnation in the peninsula’s renewal.

Mr Stokes said the revitalisation will focus on key sites for renewal, including the existing Sydney Fish Market site at Blackwattle Bay, The Star site at Darling Island, development of Harbourside Shopping Centre, and the UTS Haymarket campus.

“These sites have been identified for revitalisation over the next 20 years and we are keen to ensure that parks, public spaces and the unique character of Pyrmont is protected,” he said.

The Pyrmont Peninsula Place Strategy and Economic Development Strategy are on public exhibition for community feedback until September 13, 2020.