The City of Sydney welcomes the NSW Government's acceptance of its offer to sell the former depot on Fig and Wattle Streets, Ultimo, for the construction of a new primary school and child care centre.
The decision is an early Christmas present for hundreds of families in the area who have campaigned for the NSW Government to provide the education facilities they need.
Lord Mayor Clover Moore said that the sale would help meet the growing need for primary school places in the inner city.
"Successive State Governments have failed to respond to the growing trend for people to raise children in the inner city. This new school and child care centre will help provide for them. Now that the Education Minister has accepted the City's latest offer, I have instructed our CEO to finalise the sale.
"I'm very pleased that this agreement has been reached and the State Government can get on with delivering the primary school places local families need.
"The City successfully negotiated for an 80-place childcare centre to be constructed on the site, along with the primary school. This childcare centre will be owned by the City and help provide much needed childcare.
"I thank the parents and local community who have been an important part of this process, and I look forward to seeing the Department of Education begin work as soon as possible."