Thursday, 24 March 2011

Rydalmere. Economic boost for Rydalmere

A Parramatta City Council commissioned economic and commercial feasibility study concluded the so-called 26.4-hectare Rydalmere Technology Precinct, in the general area of the railway station, was a viable urban and economic development opportunity of significant scale..The modelling indicated delivering 11,000 new jobs (a 1000 per cent increase) and 2700 new residents. The transformation would generate an additional $989.2 million in income for Parramatta workers, and an additional $3 billion in economic output, adding 19.5 per cent to the gross regional product (GRP) of the Parramatta sub region. The study will be considered at a council meeting on March 28.



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