WATERLOO
ESTATE SET TO PROCEED TO EXHIBITION
A
new vision for the Waterloo Estate that proposes significant new social and
affordable housing and 2.5 hectares of public space has received a Gateway
determination to proceed to public exhibition.
Minister
for Planning and Public Spaces Rob Stokes said the amended Waterloo Estate
(South) planning proposal strikes a balance between plans from the Land and
Housing Corporation (LAHC) and the City of Sydney.
“The
redevelopment of the Waterloo Estate is one of the State’s most significant
urban regeneration projects,” Mr Stokes said.
“It
must provide more social and affordable housing, new market housing, and
high-quality design and public space outcomes.
“If
approved, this vision will do exactly that by providing more than 3,000 new
inner city homes with 30 per cent set aside for social housing and between five
and ten per cent for affordable housing.”
The
decision to put the revised proposal on public exhibition came after the
Minister called the proposal in following a stalemate in negotiations between
LAHC and the City of Sydney. An independent advisory group was appointed by the
Department of Planning, Industry and Environment to help mediate the process.
“We’ve
broken the planning impasse on the future of the Waterloo Estate, and I’d like
to thank LAHC and the City of Sydney for coming to the table and working
together on a solution,” Mr Stokes said.
“The
Waterloo of the future will provide quality housing in a range of tenures with
access to world-class public transport and beautiful public spaces in an
outstanding inner city location.”
Public
exhibition will take place before the end of the year, once requirements to
update a number of technical studies are met, including studies for urban
design, feasibility and transport.
For
more information visit www.planning.nsw.gov.au/waterloo.
SMH Story Link is: ‘A
step in the right direction’: Stokes reveals plans for 3000 homes and three
towers at Waterloo estate