Posted: 24 October, 2016
by Sohan Judge
Secret Kings Cross $500m Development Could Kill Sydney’s Nightlife And People Are Angry
Reports of a property development deal in Kings Cross has Sydneysiders fuming. Was this the plan all along?
Over the weekend, the Daily Telegraph reported that a secret two-year deal was underway, where Kings Cross property owners planned to sell the most famous blocks in the area for residential development.
The strip, previously home to some of Sydney’s favourite clubs including Trademark, Soho, Heach Haus and Dreamgirls will be redeveloped to accommodate two high-rise buildings modelled on Malaysia’s Petronas Towers, consisting of 500 luxury apartments worth approximately $1 million each.
It is believed a firm from Hong Kong expressed interest in the land, worth a reported $200 million alone.
The news has sparked outrage from Sydneysiders who don’t want to see their city’s nightlife ruined any longer. Keep Sydney Open posted a statement via their Facebook page, expressing the views of many.
“There will be nothing left of any social value in our city except two casinos.
“Shoutout to our government and property developers who have ruined our city. F*** ya’ll.”
Some have wondered whether this was the plan all along. Matt Barrie, the same man whose essay about the lockout laws went viral, believes the controversial move was never about health and safety.
What do you think of the development deal? Let us know on our Facebook page.
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