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'Run-down' Sydney Fish Market to move

AAP logoAAP 6/11/2016

The Sydney Fish Market is set to be torn down, with a new $250 million version to be built at nearby Blackwattle Bay.

Once construction is completed, the existing "tired and run down" Pyrmont site will be sold off to developers to help finance the project.

There aren't any "set design plans" for the empty space, Premier Mike Baird said on Monday.

"Obviously there is additional space that can be used for mixed development.

"We think that is a good thing because all of a sudden, rather than having a car park you have retail, you have commercial, you have some residential connected into the best fish markets in the world."

Mr Baird refused to rule out how many residential apartments would be allowed but said the planning process would consider "access in terms of facilities such as schools" in the apartment-dense district.

The new fish market will include restaurants and possibly a rooftop bar, with construction expected to begin in late 2018.

The new complex will also include public boardwalks, an open foreshore space linking Wentworth Park with the waterfront, and a wholesale market with live auctions.

It's hoped the redevelopment will help double the number of tourists, estimated at three million, who visit the market every year.

The current fish market will continue to operate until the new one is completed in 2020.

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