THE Hunter Development Corporation will begin investigating development possibilities for a major parcel of vacant land at Glendale under a new agreement struck with landowner and government train operator RailCorp.
It could pave the way for millions of dollars of investment in commercial and higher density residential development in the burgeoning centre, near the planned transport interchange and Pennant Street overbridge.
The corporation will examine the constraints and opportunities to development on 20 hectares near the Glendale shopping centre and Hunter Sports Centre, including potential contamination and mine subsidence. The land is bounded by Main Road and the proposed Winding Creek, on a riverside corridor.
The work would start within weeks and take up to nine months to complete.
The agreement comes after years of inaction with the site, which is at the heart of an area earmarked to be a major regional centre, to the frustration of Lake Macquarie City Council and others.
RailCorp would retain the land but the development corporation would identify a strategy for its development, under the deal pushed by Planning Minister Brad Hazzard and Transport Minister Gladys Berejiklian.
Charlestown MP Andrew Cornwell said the land was strategically important under the council’s Glendale masterplan.
‘‘I am very pleased the government has been able to broker this agreement because HDC has the expertise and local knowledge to assess the potential of this land for future use,’’ Mr Cornwell said.
Hunter Development Corporation general manager Bob Hawes said the site could be suitable for high-density residential development, bulky goods, light industrial uses and commercial projects.
He said development of the site would ideally be timed to coincide with the construction of new road links through the area.