Bays Precinct, Sydney Harbour summit welcomed after “years of stagnation”: UDIA

The NSW government has announced a summit to help decide upon the future of Sydney Harbour's Bays Precinct.

The move that had been welcomed by the Urban Development Institute of Australia’s New South Wales branch who are interested to see what private sector opportunities there may be for the harbourfront land.

UDIA NSW chief executive Stephen Albin said that the 5.5 kilometre site of prime land has been dormant, with this decision coming almost two years since The Bays Precinct Taskforce released its Strategic Framework Report. This report looked at the future of Blackwattle Bay, Rozelle Bay, White Bay and Glebe Island.

“After years of stagnation at the Bays Precinct site it’s positive to see the Government reigniting a discussion about future uses for the area,” said Albin.

“Previously, there’s been little information about the role the private sector could play in delivering future outcomes at the Bays Precinct,” he said, noting their interest in hearing about potential opportunity.

Albin believes this site will help cater for growth, and that while there are innovations occurring offshore, it’s worth recognising talent on Australian shores.

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