The 2007-08 Annual Report details the work, achievements and relevant statutory and financial information of the Sydney Olympic Park Authority and The Parklands Foundation.
Download the 2007-08 Annual Report (PDF 6.0MB).
For previous annual reports and other corporate documents visit the Publications page.
Today, Thursday 15 September, Sydney Olympic Park Authority will celebrate the fifth anniversary of the ‘best games ever’ - the 2000 Sydney Olympic Games.
The last 5 years have been what Sydney Olympic Park Authority’s CEO Mr Brian Newman describes as “the founding years” to Sydney Olympic Park’s 20-year transformation from its Olympic state to becoming a modern, vibrant township.
The blueprint for this evolutionary process is ‘Vision 2025’ – a long-term plan which defines both a vision for the township’s urban form, and a vision for the town’s economy based on six industry themes; sport; education; health; leisure & well-being; creative industries; environment; and arts and culture.
“During the ‘founding phase’ we have defined an exciting vision for the Park’s future – one that will establish an international benchmark for the post-Games development of Olympic precincts. In this time we have also secured nearly $600 million of private sector investment in new residential and commercial development; seen construction commence on over $120 million of new projects; established unique new parkland areas for the community’s enjoyment; built a strong brand; and witnessed visitation to the precinct grow from 4.2 to 6.6 million a year,” Mr Newman said.
In support of this long-term plan, Sydney Olympic Park continues to attract major events; recently announcing it will host the opening mass and welcome concert for the 2008 World Youth Day, which is expected to attract more than 500,000 people. In 2009 the Park will also host the World Masters Games, attracting 20,000 competitors.
More than 60 businesses are now located at the precinct, and Mr Newman recently welcomed a deal with the Commonwealth Bank of Australia which will relocate around 1,400 staff to the Park in 2007.
“I'm sure the Bank and its staff will come to enjoy the Park's healthy indoor and outdoor environment including the fantastic sporting facilities and the Park's 425Ha of diverse parkland. The Bank's relocation will add momentum to the Park's transition from an Olympic events venue to a unique, vibrant township”.
The Sydney SuperDome has recently been recognised as the highest grossing venue in the world, with more than 22 shows offered during the first six months of 2005, bringing in more than $30 million dollars.
Telstra Stadium continues to be an asset to the community hosting major sporting matches for Ruby Union, Rugby League, Football and Aussie Rules as well as being home to seven sporting teams including the NRL Canterbury Bulldogs, Wests Tigers and the South Sydney Rabbitohs in 2006.
Also in sport, the Sydney Olympic Park Authority worked with Netball Australia to attract world record crowds at the Sydney SuperDome for netball matches involving the Sydney Swifts and the Australian netball team.
In education, Sydney Olympic Park has become the home to ‘Sports Knowledge Australia’, an international centre of excellence in sports science and management. The Park is also home to the Australian College of Physical Education and the NSW Institute of Sport.
The Park is used extensively by Sydneysiders for community events including Music by Moonlight, which last year featured a performance from the Sydney Symphony Orchestra, Art Express at Newington Armoury, and the popular school holiday program that keeps children busy - Kids in the Park.
Mr Newman says “the next 5 years is the ‘growth phase’ during which time we expect to see a significant level of new development taking place across all sectors including residential, retail, office, education, hotel and food. Within 12 months we will have around 6 sites under construction representing a development value of over $200 million – the development of a new township at Sydney Olympic Park is well and truly underway.”
“We are at the cusp of a very exciting process of urban transformation that will create a very special Park that retains its Olympic heritage whilst making a unique place for people to live, work, learn and enjoy the amazing leisure assets available in and near the precinct” Mr Newman said.
Media Contact: Sydney Olympic Park Authority Manager Media Relations
Bronwyn Edwards - 0419 292 205
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