Telopea. OK for $580 million concept plan

Minister for Housing, Frank Terenzini has approved the concept plan for the $580-million Telopea Urban Renewal Project. He said redevelopment of the 11-hectare Housing NSW estate would provide a substantial new supply of public and private housing close to existing infrastructure and services. Final approval was given by Planning Minister Tony Kelly who also confirmed project approval for stage one of the project – the $48-million three-block development consisting of 152 public housing apartments. Once the site was fully developed in about ten years time, it would have capacity for up to 1900 dwellings, up from the current 531 The dwellings will be 70 per cent privately owned to 30 per cent social housing, Construction would create 275 jobs. A development partner would be sought in 2011.