THE NSW Cabinet has approved plans to establish the Sydney Metropolitan Development Authority (SMDA), which aims to create new sustainable urban centres with additional housing and commercial projects.
In February this year, the NSW government announced the plans to set up the SMDA to drive future transit-oriented development and urban renewal.
Planning Minister Tony Kelly said "the SMDA will drive housing and employment opportunities in specific areas serviced by public transport and infrastructure, and build economies of urban centres."
"It will undertake planning work, much like the Redfern Waterloo Authority has done in relation to the redevelopment of Redfern RSL - where 84 units are being built right now, next to Redfern Station," Mr Kelly said.
Specific roles of the SMDA include:
- Working with transport and planning departments to identify precincts for renewal;
- Undertaking land use planning investigations and feasibility analyses;
- Delivering an overarching precinct plan;
- Coordinating transport and infrastructure planning;
- Planning for open space in identified precincts;
- Levying infrastructure contributions and entering into planning agreements;
- Deal with land;
- Borrowing and managing funds; and
- Partnering with public agencies and private entities when necessary.
The SMDA will use existing provisions of the Growth Centres (Development Corporations) Act and will assume the functions of the Redfern-Waterloo Authority (RWA).
The initial focus of the SMDA will be on areas currently administered by the Redfern Waterloo Authority, including North Eveleigh and the Australian Technology Park.
The government has identified Granville Town Centre and Auto Alley as the next area for consideration. It is anticipated Redfern and Granville will be the two priority areas for the SMDA over the next 12 months.
The SMDA builds on the Metropolitan Transport Plan, released in February 2010, and the updated Metropolitan Plan, to be released later in the year. Mr Kelly said the authority will be essential to plans to better integrate land-use and transport planning.
The government said public consultation will be central to the role of the SMDA and that it will operate in partnership with local councils and the Federal Government.