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Annual Report 2016–17 Contents

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Annual Report 2016–17 Contents Annual Report 2016–17 Contents Letter to Shareholding Minister ....................................................................3 Chairman’s Report ...........................................................................................4 CEO’s Report ......................................................................................................5 About Us ...............................................................................................................6 Organisational Chart.......................................................................................7 The Board ............................................................................................................8 2016–17 Highlights ........................................................................................... 12 Corporate Plan 2014–19................................................................................14 State of Environment Report ....................................................................... 18 Return on Investment ................................................................................... 42 Appendices ......................................................................................................45 Financial Statements .....................................................................................74 Letter to Shareholding Minister Annual Report 2016–17 31 October 2017 The Hon. Stuart Ayres MP Minister for Western Sydney, Minister for WestConnex and Minister for Sport 52 Martin Place SYDNEY NSW 2000 Dear Minister We have pleasure in submitting, for your information and presentation to Parliament, the Sydney Olympic Park Authority Annual Report for the year ended 30 June 2017. The report has been prepared in accordance with the Annual Reports (Statutory Bodies) Act 1989 (NSW) and the Annual Report (Statutory Bodies) Regulation 2005 (NSW). The report details the work, achievements and relevant statutory and financial information of Sydney Olympic Park Authority. Yours sincerely John Fahey Charles Moore Chairman Chief Executive Officer Sydney Olympic Park Authority Annual Report 2016–17 | 3 Chairman’s Report Sydney‘s transformation into a global city such as the Government’s decision to is well underway, with major infrastructure deliver Parramatta Light Rail to improve projects delivering new transport solutions connections and build a high school within and countless cranes on the horizon to the Park to meet the future needs of our deliver new homes and jobs. Guided by growing population and the vision for the Greater Sydney Commission’s vision GPOP. for a polycentric city with the Greater Throughout the year the consistent thread Parramatta and Olympic Peninsula (GPOP) has been the tireless work of the Authority’s as the unifying heart, it is clear that Sydney staff, working behind the scenes to deliver Olympic Park will play a critical role to the on the public’s expectations of the Park. Our future growth of greater Sydney. people combine well-honed experience Essentially a vision for a city and urban with a very personal enthusiasm for the task, hub at Greater Sydney’s geographic and as the regular feedback from the Park’s demographic heart, GPOP will become one diverse user base attests. of the most liveable and dynamic parts of The next year will see many major projects a global city. It will see around $10 billion progress, including the Government’s vision of public and private investment delivered of a Sydney MetroWest connecting the Park within Sydney Olympic Park and surrounds with the twin centres of the Sydney CBD during the next decade. and Parramatta, while new residential and The Park is in the middle of an commercial developments will further add unprecedented development boom to our growing population and reputation with both residential and commercial as an outstanding precinct to live, work, developments underway, and it possesses a learn and play. large array of open spaces and parklands I look forward to working with our that balance the development within and executive, management and the Authority’s surrounding the Park. people in the year ahead to ensure that The Sydney Olympic Park Master Plan Sydney Olympic Park continues to deliver 2030 lays out a logical and balanced outstanding outcomes for the people of roadmap to development and thereby, New South Wales. the Park’s evolution. The Master Plan is expected to receive Ministerial endorsement later this year. This result will reflect great credit to everyone within the Authority and Government who have worked tirelessly to deliver the Park’s future road map. John Fahey The year delivered both challenges and Chairman opportunities, from massive event days with well over 100,000 people in the Park at once, to milestones in the Park’s evolution, 4 | Sydney Olympic Park Authority Annual Report 2016–17 CEO’s Report Sydney Olympic Park is entering another the Parramatta Light Rail as we re-align exciting phase in its development. its route to complement the Sydney Metro The Park is on the verge of a huge shift, West. as it goes from strength to strength as Confidence from the private sector in Australia’s premier location for events, and Sydney Olympic Park as a key growth area finds a new identity as a vibrant economy is evident. and super lifestyle precinct with a rapidly In 2016-17, the Park welcomed iconic growing community of residents, workers Australian service provider NRMA into its and students. new headquarters, ground broke on a new Over the past twelve months, we have driven facility for the NSW Rural Fire Service to join and witnessed confidence from government the Park’s business community and Western and private sectors towards this vision. Sydney University opened its doors to its first Work completed and announcements made students in the Park. have laid the foundation for the promising Meriton completed its residential road ahead. development and Mirvac submitted In 2016, the Sydney Olympic Park Master plans for its new residential development, Plan 2030 Review was placed on public Pavilions. exhibition. The plan is ambitious and The year has certainly been fruitful, as transformative for the precinct. The plan investment and development continues in envisions over 10,000 homes for 23,500 Sydney Olympic Park. residents and a doubling of the office I wish to thank my predecessor Mr Alan accommodation to provide 34,000 Marsh for leaving Sydney Olympic Park jobs, new transport links, parklands and and Sydney Olympic Park Authority in good significantly enhanced retail amenity. The shape and to commend Nick Hubble who plan also targets a material increase to the continued to steer the ship steady prior to student population, this has been supported my arrival. by the government committing to invest in a We now look ahead. Our dynamic team new 2,000 student high school. will continue to innovate and drive new We have worked with government to ensure sustainable initiatives to ensure the world Sydney Olympic Park’s key position at the continues to look to us as leaders of the best demographic heart of Greater Sydney example of Olympic legacy management has the necessary connections to support as we create a truly unique super lifestyle this future growth. Completed work on precinct. WestConnex has made big improvements to this connectivity already. We welcomed the news of Sydney Metro West, the biggest urban rail project in Australian history which will provide an underground railway link Charles Moore between Sydney CBD and Parramatta via Chief Executive Officer Sydney Olympic Park. Work continues on Sydney Olympic Park Authority Annual Report 2016–17 | 5 About Us Sydney Olympic Park Authority is Our Vision responsible for managing and developing Sydney Olympic Park is an internationally the 640 hectares that comprise Sydney recognised place with world-class events, Olympic Park and maintaining it as a lasting venues, parklands and a great place to live legacy for the people of NSW. and work, built on its Olympic legacy in a Sydney Olympic Park Authority was sustainable way. established on 1 July 2001 as a statutory Our Mission body of the NSW Government under the To lead the sustainable development and Sydney Olympic Park Authority Act 2001 management of Sydney Olympic Park. (NSW). The Authority is responsible for day-to-day management of all public places, 430 hectares of parklands and seven sporting venues. This includes the management of buildings, facilities and landscape assets; delivery of programs and events; enhancement of visitor experience; provision of sports and leisure facilities; conservation of water, energy and resources; protection of ecosystems, heritage and the environment; and general coordination of the orderly use, operation and development of the precinct. The Authority continues to develop Sydney Olympic Park, under the guidance of Master Plan 2030, to be an internationally admired example of sustainable urban renewal and development. One that successfully integrates world-class events, venues and parklands with a new community of workers, residents, students and visitors and a valued legacy of the Sydney 2000 Olympic and Paralympic Games. 6 | Sydney Olympic Park Authority Annual Report 2016–17 Organisation Chart Minister Sydney Olympic Park Authority Board Office of Sport Chief Executive Officer Marketing Executive Director Executive Director Sports Venues Communications Operations & Community Commercial Engagement Media and Aquatic Centre Government Relations Event
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