1. A Five Year Strategy for a Vibrant & Competitive City of Sydney Global Sydney

2. Prepare for the next growth phase 3,228 1,740 525 322 333 338 680 703 664 2030 2020 People millions 2009 313 251 181 341 222 137 Africa & Middle East Central & South America Asia Pacific Europe North America Asia Pacific middle class to grow six-fold to 3.2bn by 2030, to be ⅔ rds of the world’s middle class with spending power of $33 trillion Source: OECD (2010) – Millions of people comprising each region’s “middle class”

3. Complacency Contribution to Australia’s GDP growth Mercers ranking for Sydney “liveability”  2001 – 4 th  2011 – 11 th “The Lost Decade” PwC’s “Cities of Opportunity” Sources: SGS Economics (2011); Mercer (2012) Sydney is a leader in Sustainability but lags for Transport and Economy Source: PwC (2012) – Data variables modelled independently on PwC website

4. City of Sydney Council Area The fast-growing core of Australia’s gateway to the world Population20052011Growth Sydney159,844185,4222.5% pa Rest of NSW6.6 m7.1 m1.3% pa Sources: ABS (2012); Tourism NSW (2012) International tourists to Sydney

5. Financial Capacity

6. Increasing revenues and conservative policies have left the Council with substantial cash and surplus assets Operating Revenues $m Cash & Liquid Investments (30 Apr)519 Investment Properties212 Other non-core Real Estate1,300 SURPLUS$2.2 bn No borrowings- NET ASSETS$6.7 bn Source: City of Sydney Council (2004-2012) 41% Growth

7. Transport & Infrastructure

8.  2km from Central to Circular Quay is relatively straight and flat  Basic cost circa $75m, plus repositioning of utilities and pipes and “terminals”  Private sector to build and run  With Council underwrite work could begin now and be done by 2015 George Street Light Rail

9. Transport & Infrastructure Positive Impacts Remove 400 buses/hour at peak (many of them empty) and switch 200 buses to unserved routes in Western Sydney Faster, safer movement of commuters and tourists Productivity and environmental benefits More pleasant streetscape with benefits for retail, locals and visitors George Street Light Rail

10. Transport & Infrastructure Free Travel  Encourages use and prevents pricing anomalies for short-hop travel  Reduces fare collection costs and commuter inconvenience  Good for students and tourists too Congestion Reduction Charge  Peak time car charge at 6 entry points from East and North of the CBD  No charge from West until M4 and fast Parramatta rail link completed 20-25% reduction in CBD congestion George Street Light Rail

11. Urban Renewal & Environment

12. 10 Strategic Sites as priorities

13. Urban Renewal & Environment ARTS – Arts Ribbon Train Station  Iconic artistic design  Centre of the Arts hub  Access to Barangaroo & Circular Quay Supports the Global Centres of Excellence and improved Transport links Heritage Buildings  Better use of Education, Lands & Land Titles buildings  Asia brand 5-star hotel and 1 st rate global education institution Wynyard Station  Bus turning circle as Northern terminus  Pedestrian plaza across George Street  Mixed-use residential and commercial Town Hall Square  Pedestrianized with views to Hyde Park  Bus turning circle as Eastern terminus  Thin residential tower, green square

14. Urban Renewal & Environment Lower Oxford Street  Landscaped gateway to Hyde Park & the City at College St intersection  Light rail extension from City supports the Entertainment & Hospitality hub  More flexible “mixed zoning” to promote the area’s unique character Revitalise the City’s tourist hotspots and life improves for residents too Exhibition & Convention Centre  Design to include public car parking and bus interchange for commuters from the West  Support and encourage efforts to upgrade the site as quickly as possible Sydney Fish Market  Owned by the State but leased  No investment since the 1960s  Improve the area and renew efforts to upgrade to Busan/Tokyo style market

15. Urban Renewal & Environment Central Station  Free George Street Light Rail to terminate at Railway Square plaza  Bus turning circle as Eastern terminus  Tall residential towers over rail tracks with public parking for commuters from South and South West A vibrant City needs far more housing at transport hubs Goulburn Street Car Park  Improve local traffic flows to offset CBD street parking in short-term  Redevelop as iconic residential tower block focused on green sustainability Green Square  Upgrade the station to encourage public transport between the City & airport  CSPC to promote faster planning and development of surrounding area

16. Governance

17.  Sydney has a poor track record on major projects – Light Rail, Metro, Green Square  Singapore began planning Marina Bay 2 years after Barangaroo but it’s already up and running, adding 0.8% pa. to GDP  Central Sydney Planning Committee (CSPC) to be upgraded with powers to implement the plans in this Report  The 7 members already represent both Council and NSW State Government CSPC to be “one stop decision maker” for city planning and transport Specific extension of CSPC scope: Tenders to build and operate George St Light Rail, with Arts precinct extension Implement consequential traffic changes to CBD Run design competitions including “Citizen Juries” to give master approval for the 10 Strategic Sites Final say over the City’s planning and transport decisions with authority to overrule NSW Govt Departments

18. Global Centres of Excellence

19. Clustering of 8 sectors in which the City can have global success █ Arts & Creative Industries █ Environmental & Other Technologies █ Finance & Professional Services █ Retail █ Hospitality & Entertainment █ Asian Food & Culture █ Education & Health █ Design & New Media

20. Recommendations

21. A Vibrant and Competitive Sydney  Transport and Infrastructure  Free Light Rail  Fewer Buses  Lower Congestion  Ten Strategic Sites  CSPC to drive process  Citizen Juries to make aesthetic judgements  Global Centres of Excellence  Eight hubs to build upon  Clustering for success  Development Partnerships Capacity to invest  Integrated plan underwritten with strong Council balance sheet Global momentum  Shifting centre of gravity to our region Improve governance  Co-operation between State, Local (and Federal) governments  Upgraded Central Sydney Planning Committee The OpportunityThe Strategy

22. www.globalsydney.org.au

23. Top 10 Recommendations Central Sydney Planning Committee to become “1 stop decision maker” Begin iconic constructions on the 10 Strategic Sites during Council’s term Underwrite funding for immediate start to George Street improvements with light rail, bike lanes and plazas Make the necessary lane improvements to other CBD roads George Street Light Rail to be free, funded by Congestion Reduction Charge at 6 city entry points Encourage candidates in the upcoming election and NSW Government to support: Turning circles at Wynyard, Central & Town Hall to eliminate CBD buses Peak hour street parking in the CBD replaced by underground parking CSPC supported by Citizen Juries and 60 day response time from Departments on Strategic Sites Global Centres of Excellence strategy to focus on 8 business clusters Freeze all rates during next Council term, allocating 5% of Business rates for Global Centres of Excellence