SYDNEY’S THIRD CBD WOULD BE EXPANDED TO EMBRACE THE GEORGES RIVER UNDER AN AMBITIOUS 30-YEAR PLAN TO CREATE MORE THAN 14,000 DWELLINGS AND THOUSANDS OF NEW JOBS.
A planning proposal has been lodged by Coronation Property and Leamac Property Group to regenerate a 32ha joint landholding east of the Liverpool city centre known as Moore Point.
The site is located within the broader 38ha Moore Point precinct, which is currently zoned for light industrial uses.
The project would yield about 14,783 dwellings and 344,499 sqm of mixed-use employment floor space, which would be developed over 30 to 40 years.
“THE PLANNING PROPOSAL PROVIDES AN EMPHASIS ON REORIENTING LIVERPOOL TO THE GEORGES RIVER FORESHORE AND PROVIDING NEW OPEN SPACE, FACILITIES AND CONNECTIONS ADJOINING THE LIVERPOOL CBD”
PLANNING PROPOSAL
A draft planning proposal report suggests the plans would generate about $27.8 billion in economic activity based on a construction cost of $8.72 billion.
The proposal also has the potential to create about 23,000 new jobs, according to an economic assessment report.
Article originally published in the Liverpool Leader, September 5 2020.
