Millions at stake in Powerhouse Museum negotiations

An artist's impression of the proposed Powerhouse Museum to be built in Parramatta.

An artist's impression of the proposed Powerhouse Museum to be built in Parramatta.

Parramatta is at risk of losing $803 million in economic activity if the axe falls on the State Government’s plans to move the Powerhouse Museum to its CBD.

A new report produced for the council by a specialist consultancy says at stake is an expected $42.5 million in additional revenue for Parramatta businesses and more than 2,320 jobs a year during construction of the museum.

Post construction, the Powerhouse will provide 260 new jobs in Parramatta.