Sydney’s Lord Mayor Clover Moore has acknowledged that the cost of the proposed Town Hall Square redevelopment has yet to be finalised, despite plans involving the demolition of several buildings and the displacement of current tenants. The project, which envisions a new public space opposite Sydney Town Hall, has encountered growing opposition from unions, business groups, and some city councillors who question its timing, scale, and financial feasibility.
The redevelopment plan includes the removal of seven buildings, among them Australia’s busiest Woolworths supermarket and the nearly century-old Hotel Coronation. Originally projected by City of Sydney council officers in 2023 to cost well over $200 million, the project timeline recommended work not begin until 2035. However, Lord Mayor Moore has accelerated the schedule, with construction now expected to start in early 2028, within her current term that ends in October 2028. Council has committed $150 million toward the project.
When asked on ABC radio to specify the project’s cost, Moore stated that the final figure is still undetermined as design work is ongoing. She explained that the total cost will depend on the outcome of architectural and landscape design processes and subsequent community consultations. Moore indicated that the council’s long-term financial plan accounts for the project’s expenses but did not provide a specific dollar amount at this stage.
Defending the initiative, Moore described the development as an opportunity to create a “lounge room” for Sydney, citing a 1982 city council resolution to establish a public square across from Town Hall, similar to those in other major cities. She highlighted that successive councils have acquired properties to facilitate the vision, and this project represents the chance to move forward with the plan. Moore also suggested that the square could serve as a central venue for public demonstrations.
Opponents argue the redevelopment threatens employment and undermines more urgent city needs. Bernie Smith, Secretary of the Shop Distributive and Allied Employees Association NSW, warned that up to 1,000 jobs—including more than 300 retail positions—could be lost as a consequence of demolishing active commercial sites. He urged the council and the New South Wales government to prioritise jobs, housing, and services over what he described as creating a “pretty paved patio.”
Business Sydney executive director Paul Nicolaou questioned the project’s relevance in the current urban context, stating that while such a plaza may have been desirable in the 1980s, it no longer aligns with Sydney’s priorities in 2026 and beyond. Similarly, Sydney City Councillor Yvonne Weldon advocated redirecting funds toward enhancing Martin Place, describing it as a more impactful use of public money with fewer costs.
The formation of a stakeholder alliance opposing the scheme has led to calls for government intervention to halt the development. As discussions continue, the ultimate scope, design, and financial implications of the Town Hall Square project remain under review.