Transformative urban regeneration:

Transcription

1 Transformative urban regeneration: Unlocking potential, driving growth Professor David Pitchford CBE LVO Chief Executive, UrbanGrowth NSW

2 To drive an internationally competitive economy, through the creation of great destinations that will transform Sydney, New South Wales and Australia. A bold ambition

3 UrbanGrowth NSW We Are Our Ambition Our Vision Our Role the NSW Government s urban transformation agency. is to create a globally competitive Sydney and NSW. is to transform city living by creating world class urban areas that are vibrant, connected, competitive and resilient places to live and work. is to facilitate the economic development of complex urban transformation projects which are anchored with public land and aligned with critical infrastructure.

4 Number of persons A growing population Population projections high and low series Metropolitan Sydney 8,000,000 7,000,000 6,000,000 5,000,000 4,000,

5 Population vs area 4.4 million 5.6 million 8.6 million 1.2 million 12,368 km 2 5,900 km 2 1,572km km 2 Sydney, Australia Toronto, Canada London, United Kingdom Dallas, United States area population

6 UrbanGrowth NSW: City Transformation Life Cycle Thinking cities Aspiration/needs/ desires for Sydney 2050 Have we got it right and what do we need to reinvent? Living Cities UrbanGrowth NSW: Transforming City Living Funding Cities Innovative funding solutions sufficient to complete project. Not just starting it Not just buildings but the creation of an entire precinct Building Cities

7 How we focus our effort Assessing Australian Industry McKinsey Australia Rapid globalisation Ageing global population Large % of workforce employed in Interaction jobs Global disruptive opportunities Rapidly growing middle class Digital disruption Health Services/ Niche manufacturing Large financial hub High % of skilled migration Skills and capabilities The sweet spot Comparative advantages Informational education Tourism High level of tertiary educated population Agriculture Strong tertiary education institutions Mining and extraction

8 A global phenomenon The United Nations reports that by 2050, the proportion of the world s population living in cities will increase from 54% to 66%.

9 Roosevelt Island, New York Regeneration through education Indicative artist s impression Sourced from public website

10 Indicative artist s impression Sourced from public website Battersea Power Station, London Creating a market of its own

11 Waterfront Toronto Maximising economic benefit Indicative artist s impression Courtesy of Waterfront Toronto

12 Klyde Warren Park Dallas, Texas A green space out of thin air - a 5-acre deck park recessed over an eight lane freeway 1 2

13 Euroméditerranée, Marseilles Transforming the heart of a city

14 Canary Wharf, London Making an area sing with life

15 King s Cross, London Reinvigorating the past

16 Indicative artist s impression Sourced from public website Hudson Yards, New York Conjuring prime real estate out of thin air

17 Markthal Rotterdam A sustainable combination of food, leisure & living

18 Markthal Rotterdam A sustainable combination of food, leisure & living

19 Barcelona, Spain From dull industrial city to a dynamic meeting place

20 Marina Bay, Singapore Singapore s signature city skyline

21 A once-in-a-generation opportunity to deliver innovation and attract the jobs of the future for Sydney, NSW and Australia. Creating an internationally competitive, resilient and prosperous global city to live, work and visit.

22 The Bay Precinct, Sydney Transformation of the inner harbour

23 The Transformation Plan

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25 Eight destinations White Bay Including Bay Cruise Terminal Wentworth Park Glebe Island Bays Waterfront Promenade White Bay Power Station Bays Market District Rozelle Rail Yards Rozelle Bays and Bays Waterways

26 Statement of Principles

27 Objectives The Precinct Hub of export-oriented knowledge- intensive jobs Integrated planning within a land and water context World-class mass and active transit solutions Housing choices, including affordable housing options Integrated utilities solutions that enable advanced energy generation and technologies Ecological and marine water quality improvements Enduring, socially inclusive and great places Celebrate heritage and culture by creating new experiences Building design excellence and quality urban design World leading sustainability and resilience

28 Destination: The Bays Market District 23

29 Destination: The Bays Market District Indicative artist s impression Sourced from public website 2 9

30 Destination: Wentworth Park

31 Destination: White Bay Power Station

32 Indicative artist s impression Sourced from public website Destination: White Bay Power Station

33 Destination: Glebe Island

34 Concept developed using artist impression of Cornell Tech, Roosevelt Island Destination: Glebe Island

35 Innovation at The Bays Precinct

36 Innovation in Sydney Central innovation cluster

37 Our business model To address market failure We are continuing to focus on the front end of the value chain Value Chain: Business Case Planning Enabling Works Construction Sales UrbanGrowth NSW Private Sector We are building a pipeline of world class projects for Sydney We are enabling the private sector to deliver efficiently for government

38 Funding Our business model Sources and uses of funds Input 1: Government land Input 2: Infrastructure Input 3: Private land Output: Urban transformation Redevelop strategic, underutilised government land Recycle capital to fund new infrastructure: transport infrastructure social infrastructure precinct infrastructure Enable the market to create new precincts: residential precincts mixed-use precincts City shaping outcomes from urban transformation: housing economic growth social environment infrastructure Recycled capital ($) Alternative funding (Example Section 94 Contributions) Government grants / Philanthropy / Lotteries

39 UrbanGrowth NSW contacts urbangrowth.nsw.gov.au Sydney CBD: Level 12, 19 Martin Place, Sydney NSW 2000 Parramatta: Level 14, 60 Station St, Parramatta NSW 2150 Newcastle: Level 4, 251 Wharf Rd, Newcastle NSW enquiry@urbangrowth.nsw.gov.au youtube.com/user/urbangrowthnsw linkedin.com/company/urbangrowth-nsw twitter.com/urbangrowthnsw facebook.com/urbangrowthnsw/