The NSW Government is investing an additional $20 million into the CBD Revitalisation strategy to help stimulate Sydney\u2019s CBD economy and boost jobs.
\nNSW Treasurer Dominic Perrottet announced the funding following a second Sydney CBD Summit of business, community, government and industry leaders held today at the Museum of Contemporary Art.
\n\u201cWe need to continue to drive growth in Australia\u2019s global city as we emerge from the pandemic, and today a diverse mix of people came together in Australia\u2019s global city to help make this happen,\u201d Mr Perrottet said.
\n\u201cThe Government will allocate an additional $20 million which will be used to help our city grow. We want more people back in the city, whether that\u2019s working or shopping or coming in for entertainment and dining.\u201d
\nThe new funding brings the total CBD revitalisation investment to more than $40 million, including $5 million from the City of Sydney.
\nMinister for Small Business Damien Tudehope said the first Sydney CBD Summit supported initiatives such as increased public transport, flexible outdoor dining arrangements, and programs to attract people into the CBD.
\n\u201cSince the first Summit, we\u2019ve gone on to launch Dine & Discover, as well as new Sydney CBD accommodation vouchers which will be available later this year and we\u2019ll consider other opportunities as they arise,\u201d Mr\u00a0 Tudehope said.
\n\u201cHowever, commercial occupancy rates in Sydney remain around 50 per cent due to continuing flexible working, well down from the pre-pandemic rate of about 90 per cent.
\n\u201cWhen people return to the office, they support small businesses and local jobs by buying lunch, shopping in store rather than online, and going out to visit cultural institutions as they stay open after dark.\u201d
\nMinister for Planning and Public Spaces Rob Stokes said the September summit saw changes to how spaces were used in the city, such as enabling businesses to operate with more outdoor seating and dining areas, and flexibility remained key to the city\u2019s revival.
\n\u201cWe need to accept that the CBD post-pandemic will look and operate differently than it did before COVID-19 hit us and that\u2019s why it\u2019s important we have events like today\u2019s summit to hear a range of perspectives on emerging issues,\u201d Mr Stokes said.
\n\u201cSydney is our global city and we\u2019ve got to do what we can to propel its growth and ensure we\u2019re maximising business and cultural opportunities into the future.\u201d
\nMinister for Tourism and Jobs Stuart Ayres said the CBD remained impacted by the halt on international travel, which supported businesses and jobs.
\n\u201cInternational travellers to Sydney contributed more than $1\u00a0billion to the economy over the summer of 2020 and the city is still grappling with that loss, despite improvements on the domestic tourism front,\u201d Mr Ayres said.
\n\u201cThe CBD needs to mature from being a place we go to work into a 24-hour destination with a diverse range of experiences.\u201d
\nCity of Sydney Lord Mayor Clover Moore said she welcomed the CBD Summit to help unlock further potential and build upon learnings from revitalisation programs like Sunset Piazza, Culture Up Late and Al Fresco dining.
\n\u201cLast September\u2019s summit led to initiatives that put us on the path of recovery, by making outdoor dining easier, supporting live entertainment and creating our fabulous Summer Piazza at Cathedral Square,\u201d the Lord Mayor said.
\n\u201cWe have helped breathe life back into the city centre and it is vital we continue our support of businesses and jobs through creative programs.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The NSW Government is investing an additional $20 million into the CBD Revitalisation strategy to help stimulate Sydney\u2019s CBD economy and boost jobs. NSW Treasurer Dominic Perrottet announced the funding following a second Sydney CBD Summit of business, community, government and industry leaders held today at the Museum of Contemporary Art. \u201cWe need to continue … Continue reading “SYDNEY CBD SUMMIT TURBOCHARGES RECOVERY”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11105","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/11105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=11105"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/11105\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=11105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=11105"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=11105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}