THE NSW Planning Assessment Commission last week granted conditional approval to the applications for the modification of the approved concept plan for Barangaroo (known as "Mod 8") and for the construction of the Crown Sydney Hotel Resort at Barangaroo South.
Crown Resorts Chairman, Robert Rankin, said that while it has been a long and detailed process, the company is pleased with the overall outcome and deeply committed to building a six-star hotel resort that Sydneysiders and all Australians can be proud of.
"For too long Sydney has suffered from a lack of luxury tourism accommodation and Crown Sydney will help turn that around. We will now move quickly to begin excavation work. We are expecting to complete construction and open in early 2021," Mr Rankin said.
The approval of the six-star resort was welcomed by the Tourism & Transport Forum (TTF), with CEO Margy Osmond saying the development would enhance the tourism appeal of Barangaroo.
"The conditional approval for this new development will increase Sydney's luxury tourism stock and enhance the city's reputation as a desirable destination for high-yield international visitors," Ms Osmond said.
"Tourism will be the great economic driver and job-generator in the wake of the mining construction boom, and it is new multi-use precincts such as Barangaroo which will keep visitors flocking to Australia.
The Mod 8 and Crown Sydney applications have been approved subject to a number of substantial modifications and conditions which are currently being reviewed by Crown.
Images: Artist's impressions of Crown Sydney Hotel Resort at Barangaroo South / Crown Sydney.