NSW Budget allocates funds for Hunter Park sporting and entertainment precinct

City of Newcastle has welcomed the NSW Government’s budget allocation of $6.7 million for a significant urban renewal proposal to transform 63 hectares surrounding McDonald Jones Stadium, the Newcastle Entertainment Centre and Newcastle Showground, into an impressive lifestyle precinct. The NSW Government will allocate the funding to prepare a full business case for the Hunter Park project.

City of Newcastle Chief Executive Jeremy Bath said Hunter Park is the next big step in Newcastle’s transformation, providing a world-class sporting and entertainment hub with transport links, which local and visitors would be able to enjoy day and night, all year round.

Bath advises “delivering an international-quality destination for sporting events and entertainment, with improved connectivity for public and active transport, it is expected to attract 1.8 million annual visitors and become home to around 6,000 residents, delivering exceptional liveability, sustainability and place outcomes.

“In what would likely be a multi-stage construction process over more than 10 years, Hunter Park will provide an opportunity to attract major private market investment into Newcastle, including an estimated $3.7 billion in economic output during construction and attracting almost $55 million annually from the NSW Government.”

Newcastle Lord Mayor Nuatali Nelmes said this would be a truly transformative project for Newcastle and the Hunter Region that would deliver on a key element in the NSW Government’s Greater Newcastle Metropolitan Plan 2036.

Lord Mayor Nelmes notes that Hunter Park is a once-in-a-generation opportunity to transform a much-loved but ageing and underutilised space into a contemporary mixed used precinct located at the geographical heart of Newcastle at Broadmeadow, just five kilometres from the Newcastle CBD.

Lord Mayor Nelmes adds “It is a significant urban regeneration proposal, the size and scale of which has never been seen outside of Sydney, incorporating 50 hectares of exceptional public open and green spaces, state-of-the-art sporting facilities, leisure and entertainment zones, 13,000 square metres of commercial space and more than 2,600 new homes, including much-needed social and affordable housing.

“Once complete, the project would support new jobs in sporting and entertainment related industries including medical, educational, tourism and retailing as part of a new health and education and innovation ecosystem.

“I acknowledge support of all Hunter Councils and my fellows Mayors, together with the national significance of Hunter Park being recognised by the Federal Government’s infrastructure advisor, Infrastructure Australia.

“City of Newcastle has been advocating for this as part of a genuine collaboration with NSW Government agencies, and I thank the Board and CEO of Venues NSW, and the Hunter and Central Coast Development Corporation for their work in securing this funding.”

Image courtesy hccdc.nsw.gov.au/projects/hunter-park