UrbanGrowth NSW to become master developer of new tech hub at White Bay Power Station.
UrbanGrowth NSW Chairman John Brogden today announced that the organisation will become the master developer of the White Bay Power Station, following the closure of the Request for Proposals (RFP) process.
“The NSW Government’s vision is for the old White Bay Power Station to become Australia’s leading, world class tech hub. In October 2015, we sought proposals from the private sector to transform the iconic site on Sydney Harbour,” Mr Brogden said.
“While some proposals were strong in certain areas, unfortunately there were no complying proposals that addressed the evaluation criteria to achieve the Government’s plan for the site."
“The private sector proposals relied too heavily on residential development to fund decontamination of the Power Station, and doing so would have changed the nature of the site."
“As such, UrbanGrowth NSW will now assume the role of master developer of the White Bay Power Station site. We will break the project into smaller parcels of land as part of a staged development to attract a diverse range of tenants who will meet the Government’s agenda.”
In order to move the project forward, UrbanGrowth NSW will now make an upfront contribution to the material cost of restoration and rehabilitation of this historic building to begin the process of bringing this unique but contaminated public asset back to life.
“We have set a very high bar to transform this strategic asset and its surrounds into a tech hub that supports Australia’s knowledge-intensive industries,” Mr Brogden said. “As the custodians of this heritage-listed building on public land, we owe it to Sydneysiders, the people of New South Wales and future generations to get this right.”
UrbanGrowth NSW today advised the proponents of the decision to take on a more direct role in developing the site in keeping with international best practice, and will focus initially on securing suitable occupants for the White Bay Power Station by the end of the year.
“We will draw inspiration from New York’s emerging Roosevelt Island development in partnership with industry and the community to create a new home for Sydney’s high-tech sector.”
About the White Bay Power Station
The White Bay Power Station, closed since 1983, is an immediate priority Destination for The Bays Precinct Urban Transformation Program. It will be adaptively reused to house major knowledge sectors and high quality public spaces, activating the approximately 10 hectare site and connecting it with the waterfront. UrbanGrowth NSW plans to commence the transformation of the White Bay Power Station in 2017.
Watch the video below to take a tour through the White Bay Power Station.