Funding Remains Uncertain for Sydney's 'Grand Project'

A major plan to improve Sydney's walkability, urban design and public transit system have been applauded throughout the city. The only problem is figuring out how to pay for it.

"An ambitious plan to remake Sydney is a 'grand project and a grand vision' but lacks some vital details, Sydney Lord Mayor Clover Moore says."

"For instance, no-one appears to know how much it will cost or who will foot the bill."

"Under the proposals, based on the ideas of Danish architect Jan Gehl, George Street would become a pedestrian mall and the Western Distributor would be buried beneath a revitalised Darling Harbour."

"A light rail loop would also be established between Central and Circular Quay, and retail and business development would be built over the rail lines near Central Station."

"The plan has been applauded by industry groups and even received the qualified backing of the state government."

"But asked about the cost of the various projects, and who would pay for it, neither the lord mayor nor economics and planning expert Pat Fensham could say."

Thanks to ArchNewsNow

Full Story: New Sydney 'all about sustainability'

Comments

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $25.