Two buildings on William Street could soon be recommissioned for creative projects.
At Council this week, I asked the CEO to look at the potential of each building for a range of uses, including as live/work spaces for artists.
These buildings offer a range of tenancies across basement, street and above ground levels, with some scope for on-street activation. One is partially tenanted.
To ensure the best possible use of these buildings, I proposed that the City investigate a mix of both commercial and creative use, offering rents that range from partially subsidised to fully commercial, to encourage the growth of a creative hub.
A mix of tenant types would ensure these buildings provide broad social, cultural and community benefits, while generating income to cover the building's operational costs.
Artists face real challenges living and working in most major cities, with few available spaces they can afford. The City's helping address this with affordable spaces for creative projects.
Our long term strategic plan Sustainable Sydney 2030 identifies the value of creative culture to the social and economic wellbeing of the community.
A report on the proposal will be prepared for Council in early 2012.