Sydney Olympic Park Authority Annual Report 2009-10 Overview Sydney Olympic Park Authority Annual Report 2009-10 2 Overview Overview 3 Shareholding Minister’s foreword Letter to Shareholding Minister The Parklands Plan of Management, covering 430 31 October 2010 hectares of parks, endangered species habitat and The Hon. David Borger, MP heritage areas, is being updated to ensure its relevance Minister for Roads in protecting the environmental legacy of the Sydney Minister for Western Sydney 2000 Olympic Games. This ensures that development and Level 37, Governor Macquarie Tower the management and protection of the environment can 1 Farrer Place coexist together in a successful urban centre. Sydney NSW 2000 Master Plan 2030 is designed to ensure that while the Park will grow to accommodate a daily population of 50,000 Sydney Olympic Park has, to use a sporting analogy, workers, residents and students, it will remain capable of hit its stride this year, 10 years on from the Sydney 2000 hosting the world’s greatest sporting events. Having Dear Minister Olympic and Paralympic Games. hosted the 2000 Olympic and Paralympic Games, the 2004 Rugby World Cup and the 2009 World Masters Games, the We have pleasure in submitting, for your information The pace of development of the Park has increased, with Park is set to play a pivotal role should Australia be and presentation to Parliament, the Sydney Olympic Park construction now well underway on the first stage of successful in its bid to host the 2022 World Cup. Authority Annual Report for the year ended 30 June 2010. Australia Towers, the Park’s first residential development. The Park continues to attract new commercial The report has been prepared in accordance with the This has been matched by commercial developments such development, significant exhibition and conference Annual Reports (Statutory Bodies) Act 1989 (NSW), as the completion of the Watpac commercial building in bookings across its 100 function spaces, together with and the Annual Report (Statutory Bodies) Regulation the heart of the Park’s township, approval for construction an outstanding program of sporting and 2005 (NSW). The report details the work, achievements to start on the Quest serviced apartments, planning entertainment events. and relevant statutory and financial information of approval for a major commercial office building in the Sydney Olympic Park Authority. Park’s southern precinct and the response to a call for I look forward to continuing to work with Sydney Olympic expressions of interest in several other development sites. Park Authority to guide the continuing evolution of Sydney Olympic Park in the future, delivering an The significant interest in additional commercial and outstanding Sydney Olympic Park for the people of residential development is a clear sign by the market that Yours sincerely New South Wales. the Government’s Master Plan 2030 for Sydney Olympic Park, approved early in 2010, has struck the right balance. Master Plan 2030 preserves the Park as Australia’s primary sports and entertainment precinct, while encouraging the Park’s continuing development as a residential, commercial and education centre. The Hon. David Borger, MP Michael Knight AO Alan Marsh The development of the Park will not detract from the Minister for Roads Chair Chief Executive Officer Park’s iconic status as the home of the ‘Green Games’, as Minister for Western Sydney environmental best practice is enshrined in the design and building codes that govern development within this outstanding example of urban land rehabilitation. 4 Overview Overview 5 Contents Overview 6 State of Environment Report 56 2009-10 at a glance 8 Summary 58 Chairman’s report 10 Water conservation 60 CEO’s report 12 Energy conservation 62 About us 14 Sustainable materials selection 64 Organisational overview 16 Waste management 66 The Board 18 Transportation 68 The NSW State Plan 20 Pollution control 70 Biodiversity 72 Public open space 76 Master Plan 2030 22 Environmental management across the precinct 78 Case study 82 Year in review 28 Return on Investment 84 Parklands Plan of Management 2010 54 Financial statements and Appendices The Sydney Olympic Park Authority Financial Statements and Appendices are available on the CD-ROM attached to the inside rear cover of this publication. The Financial Statements and Appendices can be downloaded from the Sydney Olympic Park website at www.sydneyolympicpark.com.au 6 Overview Overview 7 Overview 8 Overview Overview 9 2009-10 at a glance 9.5 million 30,000 37,000 90% 17 million 900,000 $1 billion 25 park visitors athletes at the World children took part in apartments sold in visitors to the business visitors to 2,100 development projects eating options in the Park Masters Games ‘Kids in the Park’ Australia Towers Aquatic Centre business events since the Games • Sydney Olympic Park officially designated as a suburb by the NSW Geographic • Sydney Olympic Park Sports Centre celebrates its 25th anniversary Names Board • Acer Arena consistently rates in the top three or four most successful indoor arenas • Formal State Government approval for the Master Plan 2030 received in the world, together with New York’s Madison Square Garden and Radio City Music Hall and London’s O2 Arena • 9.5 million visitors to the Park in 2009–10, including over 2 million to the parklands • During 2009-10, the Park attracted 900,000 business visitors who attended more • More than 37,000 children took part in the Park’s hugely successful ‘Kids in the Park’ than 2,100 business events school holiday activity program throughout the year. The State’s largest such program, ‘Kids in the Park’ features up to 50 different activities each school holidays, many of • More than $1 billion in development projects since the Olympic Games which are free • Construction commenced on the Park’s first residential development, Australia Towers • In 2009, the Park had 26 days in which 50,000 or more people visited the Park, • More than 90% of apartments in Australia Towers Stage 1 have been sold, and including two days with more than 100,000 people, demonstrating the Park’s design contracts exchanged on over 80%, with occupancy still 18 months away to cater for massive crowds and to expedite their flow in and out of the venues and the Park • Approval granted for the construction of the 77-bed apartments development to be operated by the Quest group, located adjacent to the Formule 1 hotel • The World Masters Games saw more than 30,000 athletes compete at venues throughout the Park and beyond, this is three times the number of competitors who • The Authority went to the market for expressions of interest in developing sites 8B took part in the 2000 Olympic Games and 8C on Murray Rose Avenue and received a significant level of response • The Sydney Royal Easter Show continues to be the largest annual event in the southern • Completion of a 7,000 m2 mixed retail/commercial building on the corner of hemisphere, attracting an average of 900,000 visitors over the two weeks Australia and Murray Rose Avenues of the Show • Relocation of the Authority to a new building within the Park, realising significant • V8 Supercar Australia reported that the Telstra 500 event in December 2009 attracted financial savings over 184,000 people. • The Authority was amalgamated into the Communities NSW ‘super agency’ • Sydney Olympic Park Aquatic Centre welcomes its 17 millionth patron since opening • Commenced revision of the Parklands Plan of Management 10 Overview Overview 11 Chairman’s report Many people naturally feel great While the Trust had been well served affection for Sydney Olympic Park. by many talented Board members over the previous 25 years it made sense Our visitor numbers just keep rising – to combine its operations at Sydney 9.5 million visits a year. And so many Olympic Park with those of the Sydney great events take place here every week. Olympic Park Authority. The synergies More and more businesses are between the two organisations have relocating here and the precinct now enabled us to enhance services for the supports cafés, restaurants and other sporting and community groups using commercial activities. these facilities while at the same time yielding significant overall savings Last year I reported on the preparation to taxpayers. of the Master Plan 2030. This year I am pleased to report that the Master Plan The Authority is now responsible for received Ministerial Approval and has the Sydney Olympic Park Sports Centre, been formally gazetted. And we are the Sydney Olympic Park Sports Halls beginning to see the practical benefits and the Sydney Olympic Park Hockey flowing from that Master Plan. Centre, in addition to the venues the Authority was already managing: the Soon the Park’s first residents will move Sydney Olympic Park Aquatic Centre, into the residential towers, which are Sydney Olympic Park Athletic Centre now under construction. Their arrival and Sydney Olympic Park Archery will drive further developments within Centre. the town centre to support the needs of our residential population. I want to thank the management, staff and Board of the Sydney Olympic Park The opening of new services, such as Authority for all of their hard work over childcare facilities to meet resident the last 12 months. demands and the inevitable extension of retail hours to serve demand outside They are relatively few in number business hours, will further activate an compared to the size and activity in already busy precinct. the Park – 110 staff with another 60 full time in the sports venues we run like On 30 November 2009, Sydney the Aquatic Centre. Olympic Park Authority took on the responsibilities of the State Sports But their achievements are terrific – Centre Trust. That Trust was dissolved they are a delight to work with.