Economics management help on: Risks on New dwellings

Annotation – WHY ACTION is needed?The city is changing drastically with an estimation of 70%-75% new dwellings & 50% new opportunities in terms of new jobs in the year 2030. It must be kept in mind that the new or the already existing city will not have the same capacity therefore, change was required which would cater to the unforeseen risks. The new areas would showcase potential to grow in the sustainable infrastructure. Some of the major reasons as to why action is needed have been discussed in the following portion. Some of the reasons are responding to Sydney’s changing economic geography, to ensure renewal areas would become extensions of the city integrated along with the urban fabric & to present a coherent city wide vision to guide the individual projects.Some of the challenges which have been faced by the city have been enumerated in this portion of annotation. The first challenge refers to ensuring development controls & avoiding to add the unnecessarily cost of renewal and development. It must be noticed that, the environmental planning instruments such as LEP & DCP requires constant review in order to see whether it matches with the requirement of the community or not. The City of Sydney is preparing a plan which would take into consideration such type of issues. Second challenge which is being faced by The City is to manage risk as well as ensure that City is adaptable. The City of Sydney has been provided to plan for longer developments & review the planning stages of control. Lastly, to recognize the role of streets, parks & squares in public life. The city has adequate amount of space to open up parks, streets, etc. It shall be utilise the opportunities by maximizing the utilities as well as the usability of the same.Some of the opportunities available with the City of Sydney could be presented by firstly, the renewal sites in order to achieve city wide environmental targets. Renewal areas amongst the city would play one of the most important roles in case of the geography of Sydney Region. Secondly, promoting a ‘fine grain’ subdivision and ownership pattern that supports mixed use, diversity and a strong identity. The role of modern designs shall be recognize which would focus upon the fact that, fine grain is quite important in promotion of mixed use and diversity, and contributes to the identity of a place as well. Lastly, the opportunity lies in aspiring to design excellence across the city. In order to plan in near future, effective, efficient as well as equitable processes shall be used. This would be backed up by a culture which would mainly take into consideration excellence in terms of design and shall be instilled within the City of Sydney. Hence, the City of Sydney shall be strong, flexible, feasible & adaptable to ensure a broader community. This would help to attract more number of customers towards the City of Sydney. All government officials shall work together to meet the vision.

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