Barangaroo Project To Get the Green Light
At last, great news for the James Packer group, as after eighteen long months that were full of delays as a result of many setbacks, the 2 billion dollar Barangaroo casino is finally approved. Following the approval of the government, this casino is on its way to become the second casino in Sydney. The approval came from the NSW PAC (Planning Assessment Commission) committee last week.
The local councils, the professionals and the community have expressed some serious concerns regarding this new casino, therefore, prior to giving the approval, the NSW Department of Planning has requested a great number of changes that have to be applied to the original casino proposal. These changes included a reduction in the podium which is going to house the 271m tower as well as the construction of an observation deck of the 71 level tower which is going to be opened to the public. The recommendations also included the size reduction of the ground floor area of the casino’s hotel as well as restricting the working hours on the outdoor floor and the ground floor area of the Barangaroo hotel.
The casino resisted the reduction of the podium, but after some resistance, all of the problems were sorted out by Crown Resorts as it has fully complied with the committee’s recommendations. The conclusion that the PAC 3 panel group came to stated that the scale and the form of the casino will be an elegant and a sculptural signature building. These changes aim to increase the public area by 4500 square meter.
This approval by the PAC comes a week after the announcement made by the James Packer group that it intends to separate the majority of its business that are not located in Australia from the domestic ones. Packer owns fifty three percent of the Crown Resorts Ltd. in Melbourne.
Since gaining the support of the O’Farrell government, there were many modifications and revisions to the original project. As soon as the NSW government gave the green light, Crown Resorts is going to proceed without any other delay, and it will be expected to open in 2012. The plans for the project contains a luxury 6-star hotel and more than three-hundred suites and rooms with shops, VIP gaming rooms, conference facilities, and bars. It will be a great casino addition in Sydney, Australia, and the 2nd casino in the Australian capital.