It was first named Oxford Street in 1875 to reflect its business roots, named after its London namesake.
It was a bustling shopping and cultural district, but it languished under draconian foreclosure laws that took much of Sydney’s nightlife to graze.
More recently, the Covid-19 pandemic and the associated blockages have strongly impacted the enclosure.
New South Wales 24 Hour Economy Commissioner Michael Rodrigues said Sydney’s nighttime economy has been hit hard by lockdown laws, bushfires and Covid-19, but he now was the time for the city to reinvent itself.
“Home delivery and on-demand entertainment have only exacerbated the challenges that the nightlife industry must overcome if it is to revitalize our city,” said Rodrigues.
“One of our next biggest challenges is reducing traffic to CBDs, as the new ways of working driven by the pandemic see office workers spending more time working from home.”
Rodrigues said overhaul of foreclosure laws, an amendment to the liquor law and a series of initiatives to reinvigorate the city’s nightlife have helped lift the night-time economy out of the doldrums.
“Nighttime savings are not negotiable for any city that has aspirations for the world stage,” he said.
“The City of Sydney has been at the forefront of upholding the principles of the night economy as part of its Open Sydney strategy and I have no doubts that its strategic review will lead to a good result – an empathetic result at the both for the history of the region and embraces a future that puts cultural and creative use and its heart.
Rodrigues said the state government is eager to support the city of Sydney and the community of Oxford Street to bring this vision to life.