Part 2 – Explanation of Provisions This Part of the Planning Proposal provides an explanation of the provisions that are to be included in the proposed LEP.
Strengthening Bankstown’s Strategic Centre Status and Employment Generating Role This Planning Proposal is supported by Council’s Employment Lands Strategy (2020) and Economic and Land Use Study (2021) which recommends establishing a B3 Commercial Core in Bankstown to elevate Bankstown City Centre as a major Central Business District in South West Sydney and protect the area for the long-term supply of commercial floor space. Both studies detailed that the failure to protect land for commercial uses could result in the City Centre being dominated by strata titled residential development that locks out the potential for significant commercial floor space delivery in the future. This Planning Proposal seeks to introduce a B3 Commercial Core Zone in the Bankstown City Centre to ensure that land is set aside for primarily non-residential uses and to safe-guard employment-generating floor space within the City Centre. The introduction of the B3 Zone will also facilitate health and education institutions, knowledge industries and supporting urban services, meeting the City’s goal for Bankstown to be a genuine a health and education precinct. The establishment of a Commercial Core within Bankstown is also a key action of Council’s LSPS – “Evolution E3.1.54 Create a commercial core for premium commercial and civic development in Bankstown City Centre, anchored by university, public and private hospital and other institutional development.” The changes proposed in this Planning Proposal to achieve these intended outcomes are described below and include the following: • • • •
Introduce the B3 Commercial Core Zone and Amending the Objectives of the B4 Mixed Use Zone Amend the Special Provisions Map with Minimum 50% non-residential floor space for certain sites Introduce a ‘no net loss of employment floor space’ clause Introduce an Underground Floor Space Ratio Exclusion Clause.
It is envisaged that these changes will help to support an increase of 14,000 jobs in the city centre to meet the City’s total 25,000 jobs target by 2036. This will be achieved by this Planning Proposal
Planning Proposal – Bankstown City Centre March 2022
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