Sydney Entertainment Centre is to be demolished as part of a billion dollar “complete facelift for Darling Harbour.” according to Premier Barry O’Farrel.
The Entertainment Centre will include the construction of a new world class convention centre, as well as the “largest exhibiton space in Australia at 40,000 square metres,” reports the SYDNEY MORNING HERALD.
“The NSW government is creating a vibrant world-class convention, exhibition and entertainment precinct at Darling Harbour that will keep Sydney centre stage as Australia’s global city,” Premier Barry O’Farrel stated a few days ago.
“NSW has already lost $150 million in economic benefit over the four years to 2010-11 because the current facilities have not been able to accommodate 169 conventions and 12 exhibitions.
O’Farrell predicts that the refurbishment will bring an extra 1 billion into the economy over the next 5 years. Here’s hoping!