NSW Premier announces $1.25bn to redevelop ANZ Stadium
Friday 24 November 2017 12:11pm
The NSW Premier, the Hon Gladys Berejiklian MP, today announced the redevelopment of ANZ Stadium into a 75,000-seat purpose-built rectangular stadium that will allow Sydney to compete on the world stage for major events.
The Government’s commitment to the stadia strategy includes funding of $1.25 billion (subject to a full tendering process) to rebuild ANZ Stadium at Sydney Olympic Park, with construction to start in late 2019.
“Fans will be closer to the action than ever before, with steep seating creating a colosseum-inspired wall of sound and colour, enhanced with the world’s most advanced technology,” said the Premier.
Ms Berejiklian also announced an estimated $705 million in funding to build a new 45,000-seat stadium to replace Allianz Stadium at Moore Park, saying the combined investment would boost NSW’s tourism industry, which is worth $33.2 billion a year and supports 164,000 jobs.
“This investment means we can compete on the world stage for events such as the FIFA Women’s World Cup, the Rugby World Cup, and keep Sydney as the number one sporting destination,” said Ms Berejiklian.
The Minister for Sport, the Hon Stuart Ayres MP, also announced that NSW had secured NRL Grand Final games for the next 25 years, adding that the SCG would host one Grand Final in 2020 during the construction phase of both new stadia.
Mr Ayres said: “We have a once-in-a-generation opportunity to return NSW to its rightful position as the nation’s premier destination for sport and entertainment events. When we are finished, our stadiums will be the envy of the world.”
Christine McLoughlin, Chairman of the Board of Venues NSW, which manages ANZ Stadium and a network of stadia across NSW on behalf of the NSW Government, welcomed the announcement.
“Transforming ANZ Stadium into one of the world’s great rectangular stadiums will bring an exceptional spectator experience, whether for sport or entertainment. It will underpin the precinct’s transformation into a globally recognised tourism and visitor destination.”
Read the Premier’s media release here.