IWLR trams shift to Pitt St in Central Station revamp

The ABC and the SMH have items today saying the IWLR tracks/terminus will be shifted from the Railway Colonnade to Pitt Street to make way for a hotel foyer, in a revamp of Central Station.

As a regular user of both the station and the tram line on my visits to Sydney, I'd be grateful for any comments/further details.

The SMH website says:

The cost of transforming Sydney's Central Station into a gateway that includes a five-star hotel, high-rise towers and a new route for the inner west light rail line is estimated in leaked documents at just over $3 billion.
... They include a proposal to shift the inner west light rail line http://www.smh.com.au/nsw/why-trams-on-sydneys-booming-inner-west-light-rail-arent-running-more-often-20170817-gxyf4o.html from a stop outside the station's grand concourse to nearby Pitt Street, and constructing three towers of up to about 40 storeys above a new bus terminal and layover on Lee Street.

http://www.smh.com.au/nsw/internal-documents-show-makeover-of-sydneys-central-station-to-top-3-billion-20171109-gzht6f.html http://www.smh.com.au/nsw/internal-documents-show-makeover-of-sydneys-central-station-to-top-3-billion-20171109-gzht6f.html

The ABC website says:

The hotel plan requires the relocation of an existing light-rail stop to Pitt Street, creating a turning bay for limousines and taxis outside a new hotel foyer.

http://www.abc.net.au/news/2017-11-12/nsw-government-secret-central-station-blueprint-revealed/9138324 http://www.abc.net.au/news/2017-11-12/nsw-government-secret-central-station-blueprint-revealed/9138324

david mcl, Wellington no more