Billionaire James Packer's ambitious plan to transform a prime Kings Cross site into a luxury apartment tower has ignited a political firestorm, with former prime minister Paul Keating adding his considerable weight to the growing opposition.
Heritage Concerns Take Centre Stage
The proposed development, which would see a 35-storey residential building rise above the iconic Kings Cross neighbourhood, is facing mounting criticism from heritage advocates and local residents. The project would require demolishing several existing buildings, including the historic Bourbon and Beefsteak Hotel, raising significant concerns about preserving the area's unique character.
Mr Keating, known for his architectural preservation advocacy, has personally written to the Sydney planning department urging rejection of the proposal. His intervention marks a significant escalation in the battle over Sydney's urban future.
A Contentious Planning Pathway
The development is proceeding through a State Significant Development application, bypassing the local council's planning controls. This approach has drawn criticism from those who argue it undermines local democracy and established planning frameworks.
Urban planning experts note that the proposed tower would exceed current height limits by approximately 100 metres, creating what opponents describe as an "overbearing" presence in the low-rise neighbourhood.
Packer's Property Ambitions Under Scrutiny
This isn't James Packer's first major property venture in the area. His company, Crown Resorts, previously developed the nearby One Barangaroo casino and hotel complex. The Kings Cross proposal represents another significant investment in Sydney's premium real estate market.
The development comes amid ongoing scrutiny of Packer's business dealings, following multiple regulatory investigations into Crown Resorts' operations across Australia.
What Happens Next?
The planning department is currently reviewing thousands of submissions received during the public exhibition period. A decision is expected in the coming months, though many anticipate the matter could ultimately land before the Independent Planning Commission.
With high-profile opposition growing and heritage concerns mounting, the stage is set for a protracted battle over one of Sydney's most valuable development sites.
