A clifftop site above Luna Park that had been slated for commercial development will instead be converted into a public park for locals and visitors to enjoy.
Minister for Finance, Services and Property Dominic Perrottet said the Government has reacquired the site from the operator of Luna Park as it continues to work to secure a bright future for Luna Park and its surrounds.
“This is a prominent waterfront site that provides access to one of the most stunning locations in Sydney and the world,” Mr Perrottet said.
“Returning this site to the people of NSW will encourage foot traffic along the clifftop and provide locals and visitors with new views of our harbour.
“This is just another example of the Government’s commitment to making NSW the best state to live, work and play.”
The 500m2 site – which sits adjacent to “Harry’s Park” on Glen St, Milson’s Point – offers unbroken views of the harbour.
The Government paid $3.2 million to reacquire the site from Luna Park operator, Luna Park Sydney (LPS), with LPS also reconfirming its commitment to complete landscaping works on an adjacent lot once necessary planning consents have been granted.
The agreement also confirms that a proposed restructure of the existing lease arrangements of Luna Park and adjacent sites, considered by the former NSW Government in 2011, will not proceed.
The Government adhered to strict probity requirements throughout the process and remains committed to retaining Luna Park as an amusement park for the public to enjoy, in accordance with the Luna Park Site Act 1990.
Member for North Shore Jillian Skinner said, “This is a fantastic outcome for the local community. For years residents have had to deal with uncertainty over the future of the site.
“Thanks to the NSW Government, they will now have access to a beautiful park overlooking Luna Park and the harbour.”
Property NSW will now commence development and planning work for the site – to be coordinated with LPS’s landscaping work where possible – with a development application expected to be lodged in the coming months.