Greenspot's planning proposal for its land in Wallerawang will see the town become a regional hub, according to the mayor of Lithgow, Cassandra Coleman.
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The planning proposal, which involves rezoning the 620 hectares of land into multiple sectors for employment, residential, tourism and recreational areas, was announced to be accelerated under the NSW Government's Significant Rezoning Policy.
According to a joint statement from Lithgow City Council and Greenspot, rezoning of the site is anticipated to be completed by June 2026.
Mayor Coleman said Greenspot's plans for the site are already positively affecting the region.
"This development will turn the former power station site into a regional industry and jobs hub, with attractive residential developments and open space recreational facilities for the whole community," Mayor Coleman said.
"The interest in Greenspot is already bringing new investment and business to the Seven Valleys."
Mayor Coleman said the project is one reason she feels optimistic about the region's future, as the council aims for the Lithgow LGA to reach its highest potential.
"The NSW government's announcement further reinforces the support for Council's continued confidence in our region," Mayor Coleman said.
"The Council is fully committed to collaborating with Greenspot to ensure that we get a good, long-term, positive outcome for our community, and with other proposals across the LGA, we will continue to plan and develop our towns and villages to their fullest potential.
"It is a very exciting time to be in the Sevens Valleys, and I'm excited and optimistic for the future."
According to mayor Coleman, Wallerawang is already a great place to live and work, and Greenspot's project will see that it continues to grow.
"Wallerawang has natural beauty and strong infrastructure like roads and rail, which makes it a very attractive location for existing and new residents as well as investors in energy-reliant new technologies," Mayor Coleman said.
"With investment and planning like the Greenspot proposal, Wallerawang and by extension the Seven Valleys are becoming even more attractive for families and businesses, which is something we certainly want to encourage."
Greenspot's CEO, Brett Hawkins, said the company welcomed its planning proposal being fast-tracked, and the organisation is committed to investing in Wallerawang.
"We believe Wallerawang and the Lithgow area will be seen as a safe and stable place to do business and a great place for people to live in and visit," Mr Hawkins said.
"It can be a place where solutions are provided for the most complex challenges, including the energy transition, digital transformation, water security, enhanced supply chains, resource recovery and reuse, and housing availability around strong public amenity."
