In addition to investing $500 million to create a new cultural institution for Western Sydney, a Daley Labor Government will proceed with the planned redevelopment of the Riverside Theatre.
Labor will honour the agreement made in July 2017 between the NSW Government and Parramatta Council to redevelop the Riverside Theatre. In accordance with that agreement:
- A Daley Labor Government will purchase the riverfront site at Parramatta, which will become the site of a new major cultural institution; and
- A Daley Labor Government and the City of Parramatta will enter into a partnership worth $100 million to redevelop the Riverside Theatre, with the NSW Government taking a 50 per cent interest in the project.