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"We're keen for The Star to collaborate on this work to ensure any new development is delivered as part of a strategic plan for a revitalised.


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THE STAR SYDNEY / HOTEL TOUR(2019)

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Star – also in the midst of developing a casino on the Gold Coast – lodged plans to develop a similar tower last year, which said the company.


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Star – also in the midst of developing a casino on the Gold Coast – lodged plans to develop a similar tower last year, which said the company.


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Plans for the new luxury Ritz-Carlton hotel and apartment tower at The Star casino complex in Pyrmont have been rejected.


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Further, the hotel component of the proposed development is urgently needed in Sydney, though not necessarily above Star City.


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Further, the hotel component of the proposed development is urgently needed in Sydney, though not necessarily above Star City.


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The Star Sydney in Pyrmont, Sydney, is the second largest casino in Australia after Melbourne's Crown Casino. Overlooking Darling Harbour, The Star, owned​.


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Abandoned - Darling Harbour 1988

Further, the hotel component of the proposed development is urgently needed in Sydney, though not necessarily above Star City. It would be analogous to manufacturing more high-value inner urban land out of thin air at almost no cost to its owner. Project feasibility analysis would typically compare the total cost of a development, including the cost of land, with the likely returns that could be achieved on completion. There is nothing wrong with this motivation; no sensible business would pursue a loss. If built, the economy would benefit overall from productivity increases resulting from the accommodation of rent-paying businesses in the new development. The return on government dollars spent was manyfold. The more stringent the listing the lower the permitted yield in a high yield precinct , the lower the traded value of the land so encumbered, and hence, the greater the profits if the listing can be circumvented. Further public support may be sought, though perhaps with a little more sophistication than exhortations to rally for a Ritz Carlton. Tags: Star Casino , Sydney , urban planning. Massive profits await successful circumvention. Obviously, with so much value at stake decision makers will be lavishly treated to publicly invisible but vigorous lobbying. Pyrmont briefly More than 20 years ago, Pyrmont was redeveloped from rust-belt slum to one of the densest and most attractive suburbs in the nation.

Like money out of thin air, in fact…. Achieved through incremental growth over many years, it was founded on an agreement between a Labor federal government, through its Building Better Cities initiative, a Liberal state government, with detailed involvement of its planning and development agencies, private sector developers, and the Pyrmont community.

One of the features of its careful planning was the distribution and scale of new towers. Instant paper-profits flow to landowners but come with the expectation of complementary services, which government usually provides.

The relationship between increased productivity and development is a little different at the edge of the city, where up-zoning is a dominant feature. These relationships govern the commercial star city casino development of most urban land.

The answer of course is money; not surprisingly for an industry whose value-add derives mainly from its turnover. More than 20 years ago, Pyrmont was redeveloped from rust-belt slum to one of the densest and most attractive suburbs in the nation. The admittedly elegant building would house apartments and a franchise of the Ritz Carlton hotel chain β€” and exceed current height controls by some eight-fold. Initially confined to three locations on the peninsula, including the existing Star City hotel, some additional towers were added near the ANZAC Bridge. Planning regulations govern what can be built. Rolling the dice on planning at Star casino and its giant proposal. Government might add that other nearby land can accommodate similar scaled development; that consent without commercial consideration would disrupt markets for that land; and that consent alone would effectively comprise an unwarranted government subsidy equal to the value of that other land. Mike Brown has worked in NSW local and state government in planning, urban design, and strategic roles for 15 years. If that were to render the project commercially unviable then it was never viable in the first place. Clearly, the proposal will not go away. This partly explains why heritage listing sometimes fails to achieve its objectives. Spinifex is an opinion column open to all our readers. Dissidents risk the wrath of the mouth-foaming shock-jock thought-police and a trip to the talk-back gulags. Consequently, any planning consent for the proposed tower would generate a land value uplift flowing entirely to the existing land owner. On reflection, perhaps this is really not that surprising: we are by reputation a sports-mad nation of punters. Land value and how planning rules can change everything The value of urban land essentially derives from its location and its development rights. This logic also applies to other limits on development, such as planning controls. Public outrage is mainly focused on built-form issues but little attention has been paid to the central motivation: money. There are at least two ways the government might address this issue. If it succeeds, Bennelong Point and the Sydney Opera House look set to be replaced as Sydney icons by two casino-owned towers, one each on headlands to the west. So why would anyone, particularly a major landholder in the precinct, wish to undo it? When public outrage subsides and sentiment has shifted a little, a lesser scheme would be tabled β€” say only half the height but what was intended all along β€” that might eventually attract consent. The developer would first need to purchase suitable land in a precinct governed by planning controls that permit it to be built. The two-fold objective would be to divert attention away from issues of un-earned value and to recast the development as an essential public good. Thus, productivity increases from city-edge development result from the conversion of unimproved land into residential accommodation that can be rented or sold. The nearest land would probably be central Sydney and could well cost hundreds of millions of dollars. Urban land has little intrinsic value β€” perhaps growing wheat β€” but proximity to other desirable locations and its permissible yield what can be placed on it are both very valuable. However, if development constraints can be relieved the value of land increases almost instantaneously, in the same way as occurs for city-edge land.