Floor space and height bonuses in the Gosford CBD have been extended again by Gosford Council as a further incentive to encourage development.
The bonuses, which will be available until April 2016, allow eligible developments to gain up to a 30 per cent bonus on building height and available floor space within the city centre.
Gosford mayor, Cr Lawrie McKinna said that the popularity of the incentives made the decision to extend the offer easy. “As a Council, we’re all about what’s good for Gosford, which means helping the city centre grow and prosper,” Cr McKinna said.
“Since we introduced these incentives around three years ago, the city centre has taken some tremendous leaps forward with record amounts of applications being lodged and development being approved. “In the last year alone, we’ve received an unprecedented $750 million worth of development applications for the city centre and seen over $330 million worth of development in the area given the green light.
“Most of these developments have taken advantage of our incentives that offer a 30 per cent increase in floor space and building height to eligible applicants,” he said. These incentives have also coincided with the successful reduction in development contribution charges, which ended in February this year. Council’s CEO, Mr Paul Anderson said the extension of the building height and floor space incentives was more great news for Gosford’s rejuvenation.
“It’s no secret that the recent flood of investor interest has come on the back of incentives that Council has been right behind over the past few years to drive development in the city centre,” Mr Anderson said. “Extending these incentives is about growing Gosford and making sure we don’t miss this opportunity to turn it into the Central Coast’s regional capital.
“With close to 1,000 residential units and other major retail, commercial and tourist development approved in the city centre since October last year, there’s no doubt these incentives are still playing a vital role in driving Gosford’s revitalisation,” he said.
Media release,
25 June 2015
Debra Wales, Office of
Adam Crouch MP