The Baird government wants to increase the homes at Sydney’s Homebush Olympic site by more than 1000%, with a 14-fold increase in the residential population as part of a massive redevelopment of the precinct unveiled yesterday.

Under the draft Sydney Olympic Park Masterplan 2030 the number of residential properties in Homebush will jump from 800 to 10,700, with the residential population rising from 1,600 to 23,500 residents.

The government also wants to double the number of jobs in the area from 17,500 today to 34,000 over the next 14 years.

The student population will also increase from 1,500 currently to 5,000 and the government says the Department of Education is investigating the potential for a new high school, while the Parramatta light rail will improve transport in the area.

The 640 hectare precinct includes a 210 hectare town centre area that will be the focus of the redevelopment.

Via Business Insider Australia. Read the full article here.

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