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Transformative Urban Regeneration

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Transformative Urban Regeneration Transformative urban regeneration: Unlocking potential, driving growth Professor David Pitchford CBE LVO | Chief Executive, UrbanGrowth NSW To drive an internationally competitive economy, through the creation of great destinations that will transform Sydney, New South Wales and Australia. A bold ambition UrbanGrowth NSW We Our Our Our Are Ambition Vision Role the NSW Government’s is to create a globally is to ‘transform city is to facilitate urban transformation competitive Sydney living’ by creating the economic agency. and NSW. world class urban development of areas that are complex urban vibrant, connected, transformation competitive and projects which are resilient places to live anchored with public and work. land and aligned with critical infrastructure. A growing population Population projections high and low series Metropolitan Sydney 8,000,000 7,000,000 6,000,000 5,000,000 Number of persons Number 4,000,000 2011 2016 2021 2026 2031 2036 2050 Population vs area 4.4 million 5.6 million 8.6 million 1.2 million 12,368 km2 5,900 km2 1,572km2 999 km2 Sydney, Toronto, London, Dallas, Australia Canada United Kingdom United States area population UrbanGrowth NSW: City Transformation Life Cycle™ Aspiration/needs/ desires for Sydney 2050 Thinking cities Innovative funding Have we got it right UrbanGrowth Funding solutions sufficient Living NSW: and what do we Cities Cities to complete project. need to reinvent? Transforming Not just ‘starting it’ City Living Building Not just buildings Cities but the creation of an entire precinct How we focus our effort Assessing Australian Industry – McKinsey Australia Rapid Rapidly growing globalisation middle class Ageing global Digital population disruption Global disruptive opportunities Large % of workforce Health Services/ employed in ‘Interaction’ jobs Niche manufacturing Large The Informational financial hub sweet education spot High % of Skills and Comparative Tourism skilled migration capabilities advantages High level of tertiary educated population Agriculture Strong tertiary Mining and education institutions extraction 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%. Roosevelt Island, New York Regeneration through education Indicative artist’s impression | Sourced from public website Battersea Power Station, London Creating a market of its own Indicative artist’s impression | Sourced from public website Waterfront Toronto Maximising economic benefit Indicative artist’s impression | Courtesy of Waterfront Toronto 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 Euroméditerranée, Marseilles Transforming the heart of a city Canary Wharf, London Making an area sing with life King’s Cross, London Reinvigorating the past Hudson Yards, New York Conjuring prime real estate out of thin air Indicative artist’s impression | Sourced from public website Markthal Rotterdam A sustainable combination of food, leisure & living Markthal Rotterdam A sustainable combination of food, leisure & living Barcelona, Spain From dull industrial city to a dynamic meeting place Marina Bay, Singapore Singapore’s signature city skyline 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. The Bay Precinct, Sydney Transformation of the inner harbour The Transformation Plan Eight destinations Wentworth Park White Bay Including Bay Cruise Terminal Bays Waterfront Promenade Glebe Island White Bay Power Station Bays Market District Rozelle Rail Yards Rozelle Bays and Bays Waterways Statement of Principles Objectives The Precinct Hub of export-oriented Integrated planning within a knowledge- intensive jobs land and water context World-class mass and active Housing choices, including transit solutions affordable housing options Integrated utilities solutions Ecological and marine water that enable advanced energy quality improvements generation and technologies Enduring, socially inclusive Celebrate heritage and culture and great places by creating new experiences Building design excellence World leading sustainability and quality urban design and resilience Destination: The Bays Market District 23 Destination: The Bays Market District 2 9 Indicative artist’s impression | Sourced from public website Destination: Wentworth Park Destination: White Bay Power Station Destination: White Bay Power Station Indicative artist’s impression | Sourced from public website Destination: Glebe Island Destination: Glebe Island Concept developed using artist impression of Cornell Tech, Roosevelt Island Innovation at The Bays Precinct Innovation in Sydney Central innovation cluster 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 We are enabling the private sector world class projects for Sydney to deliver efficiently for government Our business model Sources and uses of funds Input 1: Input 2: Input 3: Output: Government land Infrastructure Private land Urban transformation Redevelop strategic, Recycle capital to Enable the market to City shaping underutilised fund new create new precincts: outcomes from urban government land infrastructure: • residential transformation: • transport precincts • housing infrastructure • mixed-use • economic growth • social precincts • social infrastructure • environment • precinct • infrastructure infrastructure Recycled capital ($) Alternative funding (Example Section 94 Contributions) Government grants / Philanthropy / Lotteries Funding 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 2300 +61 2 9841 8600 [email protected] youtube.com/user/urbangrowthnsw linkedin.com/company/urbangrowth-nsw twitter.com/urbangrowthnsw facebook.com/urbangrowthnsw/ .
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