Sydney's council rejected a $75 million offer from the state government for its Goulburn Street car park lease in 2018, even though the lot generates $8 million yearly. Now state agencies are reviewing the site, potentially to build housing for essential workers instead of keeping it as parking.
In 2018, property and development NSW offered the City of Sydney a whopping $75 million to buy out the council's lease of the Goulburn Street car park, but the council turned it down. They pull in around $8 million a year from this operation. Now the Transport Asset Manager of NSW and Transport for NSW are ready to talk about the future of the site. The big question is, should the City of Sydney give up its lease until 2060? To allow the state government to build homes for essential workers. What do you think? Should we prioritize parking amenities or essential housing? Comment below.
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