Ending a lease like Woolworth’s occupying the northwest corner of the block would also significantly reduce the council’s income, so we want to extend the lease to the latest moment possible.
All leases after July 1, 2035 will include a “demolition” clause that allows the City to take possession of the property early with 12 months notice. The council will also allocate the increased rental income to a specific reserve for future construction costs for Town Hall Square.
Labor councilor Linda Scott said 2035 was a “very long year” and asked if the council had spoken with the new Labor state governments about whether they could contribute financially to the project.
Mr Moore said he had lobbied the previous NSW government to contribute, but to no avail. “I don’t think the new governments of New South Wales and Canberra think they have enough work to do and are less interested in this particular project,” she said.
Moore, however, agreed to further discuss plans for the Town Hall station with the Mings government before the council votes on the matter at its next meeting.
The city also pledges $35 million to revitalize the space between City Hall, St Andrew’s Cathedral and schools, called Sydney Square, which is planned for 2027.
Together with St Andrews House Corporation (which leases the land until 2030), the school, the church, and the wider community, we will develop the plaza’s concept design.
of Council for Cities 2050 VisionTown Hall Square complements two other civic squares at Central Station and Circular Quay.
https://www.smh.com.au/national/nsw/city-of-sydney-s-town-hall-square-project-delayed-again-20230508-p5d6m6.html?ref=rss&utm_medium=rss&utm_source=rss_national_nsw City of Sydney City Hall Square project postponed again