Crown Resorts has received a rare piece of good news after reaching a settlement with Infrastructure NSW (INSW) over the retention of sight lines at its under-construction AU$2.2 billion Crown Sydney.
The government department had sought to appeal a judgement delivered by the Supreme Court of NSW in December which ruled the previous government authority involved, the Barangaroo Delivery Authority (BDA), had breached an agreement between the two parties regarding lines of sight from Crown Sydney to the Sydney Harbour Bridge and Sydney Opera House. The BDA had proposed a nearby development that threatened Crown’s sight lines.
Crown and its development partner Lendlease had earlier signed a Crown Development Agreement with the BDA based on the original concept plan for the area which, among other stipulations, required the BDA to “negotiate in good faith” with both companies on any proposed developments that differed from the concept plan.
In an announcement issued early Monday morning, Crown said it has now reached a settlement under which INSW has agreed not to proceed with a government appeal. The terms of the settlement are confidential.
“Crown is satisfied with the outcome of the settlement and the retention of sight lines across Central Barangaroo from the Harbour Bridge to the Sydney Opera House,” it said.
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