Transformation of the 143-hectare site is a critical step in supporting the Upper Hunter's economic diversification, making sure more vital industrial land remains available for investment and job creation.
Property Council Hunter and Central Coast Regional Director, Amy De Lore, said there is a shortage of industrial land in key locations across the state.
"Industrial land is in short supply, and we know that when businesses can't secure land in NSW, they take their investment, jobs, and development elsewhere.
"The Upper Hunter, with its strategic road and rail connections, skilled workforce, and existing infrastructure, is well-placed to remain a key industrial centre," Ms De Lore said.
"Repurposing the Liddell Power Station will help to make sure valuable industrial land isn't lost to competing uses but remains a driver of economic activity for the region."
The Property Council's submission to the Inquiry into Beneficial and Productive Post-Mining Land Use emphasised the need for efficient and innovative approaches to repurposing former mining and energy sites.
"Continued opportunities for investment in the Hunter region will be crucial as the local economy continues to diversify," Ms De Lore said.
"The Upper Hunter has long been an industrial driver for NSW, and the right policy settings will allow it to remain so. This approval is a step in the right direction, helping the region to attract new industries, investment, and jobs," she said.
