The desperate sale of Star’s events business could transform Pyrmont into Sydney’s version of London’s famous theatre district.

The ASX-listed company had warned earlier this month that it was not certain whether it could avoid collapse, as debts mounted and revenues remained weak.

The iconic Sydney Lyric and the boutique Foundry Theatre ... for a 1550-seat Broadway style theatre as part of the event centre remodelling. The Star in Pyrmont. Picture: NCA NewsWire / Nikki Short ...

The iconic Sydney Lyric and the boutique Foundry Theatre ... theatre as part of the event centre remodelling. The Star in Pyrmont. Picture: NCA NewsWire / Nikki Short Kearns also told The Daily ...