Pyrmont Ultimo: Process Of Urban Renewal

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Pyrmont Ultimo, an inner city suburb located in Sydney has undergone various and significant changes in relation to the processes of urban dynamics within the last century; through the restructuring of the economy as well as the government policy of decentralisation. Pyrmont has undergone the processes of urban decay/ urban decline which saw the deterioration of the urban environment and infrastructure. A process of urban renewal then followed. Urban renewal can simply be defined as the redevelopment of such areas so they better meet the needs of the people. These processes of urban dynamics have impacted on four major components of the area of Pyrmont which include the population, land use, residential and the environment. Pyrmont is recognised…show more content…
This program was aimed at improving the economic efficiency, the urban consolidation, retaining the heritage, environmental sustainability and social equity in Pyrmont. In order to succeed with this mission approximately $241 million was utilised in the project by the Federal and State government to carry out the task. However it was more economically efficient than creating a new suburb. Implementing the Plan To ensure that this plan was put into action the needs of the variety of stakeholders in the area including all three levels of governments, residents, local and developers needed to ensure the success of the program. This included long term residents being able to stay in Pyrmont through public housing, and attracting more people into the area, and thus restructuring the economy. The plan was to restructure Sydney as a global city and encouraging a new, clean and highly technological area which would influence young, tertiary educated professionals with high incomes in the area. Industry centres included Channel 10, Foxtel and Nova and various internet…show more content…
Advantages included an increase in population, multiculturalism, more public transport (reduce air pollution), facilities, shops, dwellings (urban consolidation) and hotels. Although there were many advantages of urban renewal it also had adverse effects on the environment with the natural environment being altered to suit the needs of the growing
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