Shortly before Christmas, the Committee for North Sydney wrote to the Premier warning that a rushed decision on the Victoria Cross metro site would have profound implications for the future of the city centre.
Two North Sydney Council studies have tacitly confirmed that this is the only site where a “wide, level, sheltered, sunny civic space is even possible.”
The choice is between launching the transformation of the North Sydney city centre into something worthy of “global Sydney”, or permanently blocking it.
The choice is between “value extraction” and “value creation”.
Read the letter here.
Postscript: That same day, Sydney Metro announced that they had sold the site to Lendlease for $200 million for a forty-storey commercial tower — that’s the price for choosing a seriously impaired business district over an improving city centre.