City of Newcastle has welcomed funding for a significant urban renewal proposal that would transform 63 hectares surrounding McDonald Jones Stadium, the Newcastle Entertainment Centre and Newcastle Showground, into a world-class lifestyle precinct.
\nThe NSW Government will allocate $6.7 million from today\u2019s Budget to prepare a full business case for the Hunter Park project, which is designed to create a thriving entertainment, sporting, commercial and residential destination of national and international significance.
\nLord Mayor Nuatali Nelmes said this would be a truly transformative project for Newcastle and the Hunter Region that would deliver on a key element in the NSW Government\u2019s Greater Newcastle Metropolitan Plan 2036.
\n\u201cHunter Park is a once-in-a-generation opportunity to create 8,000 jobs during construction, with more than 1,000 ongoing following its completion. In turn, transforming a much-loved but aging and underutilised space into a contemporary mixed used precinct located at the geographical heart of Newcastle at Broadmeadow, just five kilometres from the Newcastle CBD,\u201d Cr Nelmes said.
\n\u201cA key benefit for the region of Hunter Park is jobs. Once complete, the project would support new jobs in sporting and entertainment related industries including medical, educational, tourism and retailing as part of a new health and education and innovation ecosystem.
\n\u201cIt is a significant urban regeneration proposal, the size and scale of which has never been seen outside of Sydney, incorporating 50 hectares of exceptional public open and green spaces, state-of-the-art sporting facilities, leisure and entertainment zones, 13,000sqm of commercial space and more than 2,600 new homes, including much-needed social and affordable housing.
\n\u201cI acknowledge support of all Hunter Councils and my fellows Mayors, together with the national significance of Hunter Park being recognised by the Federal Government\u2019s infrastructure advisor, Infrastructure Australia.
\n\u201cCity of Newcastle has been advocating for this as part of a genuine collaboration with NSW Government agencies, and I thank the Board and CEO of Venues NSW, and the Hunter and Central Coast Development Corporation for their work in securing this funding.\u201d
\nCity of Newcastle CEO Jeremy Bath said Hunter Park is the next big step in Newcastle\u2019s transformation, providing a world-class sporting and entertainment hub with transport links, which local and visitors would be able to enjoy day and night, all year round.
\n\u201cDelivering an international-quality destination for sporting events and entertainment, with improved connectivity for public and active transport, it is expected to attract 1.8 million annual visitors and become home to around 6,000 residents, delivering exceptional liveability, sustainability and place outcomes,\u201d Mr Bath said.
\n\u201cIn what would likely be a multi-stage construction process over more than 10 years, Hunter Park will provide an opportunity to attract major private market investment into Newcastle, including an estimated $3.7 billion in economic output during construction and attracting almost $55 million annually from the NSW Government.
\n\u201cCity of Newcastle welcomes the NSW Government\u2019s funding commitment and thanks Minister for Planning and Public Spaces Rob Stokes and Minister for Sport Natalie Ward for their support for the Hunter Park concept.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
City of Newcastle has welcomed funding for a significant urban renewal proposal that would transform 63 hectares surrounding McDonald Jones Stadium, the Newcastle Entertainment Centre and Newcastle Showground, into a world-class lifestyle precinct. The NSW Government will allocate $6.7 million from today\u2019s Budget to prepare a full business case for the Hunter Park project, which … Continue reading “City welcomes funding to progress Hunter Park project at Broadmeadow”<\/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":[3],"tags":[],"class_list":["post-11883","post","type-post","status-publish","format-standard","hentry","category-newcastle"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/11883","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=11883"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/11883\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=11883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=11883"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=11883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}