Business Sydney’s Paul Nicolaou has called on the NSW Government to quickly approve plans for the long-delayed Barangaroo commercial hub, warning that further delays could cost the economy up to $578 million.
Nicolaou stressed the importance of completing the site, which has remained vacant for over two decades, highlighting its potential to create thousands of jobs and inject $134 million annually into the economy.
“Sydney has waited far too long for this final piece of the Barangaroo puzzle,” he said, urging the government to bypass red tape and move forward with the project.
The development, planned by Aqualand, includes 140 luxury apartments, retail outlets and a hotel, with more than 50% of the space dedicated to public open areas, including a 270m waterfront boardwalk and Harbour Park entertainment area.
Source: Daily Telegraph.
