Public Spaces Legacy Program welcomed by Urban Taskforce: Tom Forrest

Public Spaces Legacy Program welcomed by Urban Taskforce: Tom Forrest
Public Spaces Legacy Program welcomed by Urban Taskforce: Tom Forrest

The State Government's NSW Public Spaces Legacy Program - which provides green space funding for local councils - has been wholeheartedly welcomed

The announcement of a $250 million program that incentivises the fast-tracking of development assessments with funding for councils to deliver more public spaces is great news for jobs in the property development sector, the environment and the community.

Local councils that focus on fast-tracking development assessments for projects that deliver much-needed jobs and housing will be eligible for up to $5.5 million each in funding for parklands, town squares and main streets under the program.

The program is available to the 68 councils currently participating in the e-planning system.

It is great to see the NSW Government provide councils with this incentive to fast-track the assessment of projects identified under the Planning System Acceleration Program.

It is all very well for Local planning strategies to call for greater funds for open space – but this adds to the costs for new home buyers. This new government funding stream which totals $250 million will support the so the acquisition and land and works to create playgrounds and green spaces.

The approach of providing funding directly to councils to deliver new and improved public spaces will help unlock significant construction jobs during the economic shock of COVID-19 by reducing the "local green space" contributions" paid initially by developers, but ultimately added to the cost of new homes.

This new initiative will reduce the burden on new home buyers and is an important step in ensuring high quality local amenity.

Tom Forrest is the Urban Taskforce CEO

Tom Forrest

Tom Forrest

Tom Forrest is the CEO of Urban Taskforce, a non-profit organisation representing Australia’s most prominent property developers and equity financiers.

NSW Public Spaces Legacy Program

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