FOLLOWING receipt of business cases from Infrastructure NSW, the State Government last week announced it will not proceed with knocking down ANZ Stadium (Stadium Australia) and will instead undertake a refurbishment of the existing facility into a rectangular stadium.
In its original proposal announced late last year, the NSW Government was to rebuild both ANZ and Allianz stadiums. The proposal included a new 75,000-seat rectangular stadium to replace ANZ Stadium at Sydney Olympic Park, with an estimated cost of $1.25 billion.
The new plan to refurbish ANZ Stadium will cost $810 million – almost $500 million less than the original plans – and will seat 70,000.
However, Premier Gladys Berejiklian and Minister for Sport Stuart Ayres confirmed the NSW Government will proceed with the replacement of Allianz Stadium at Moore Park into a world class 40,000 to 45,000 seat facility offering a significantly improved experience for fans.
"We are a Government that does its homework and listens to the public," Ms Berejiklian said. "That comprehensive homework means we will be able to deliver two outstanding stadiums for Sydney at the best possible value for taxpayers."
"Our thorough homework means that we can deliver a world class rectangular stadium at Sydney Olympic Park without knocking down ANZ Stadium, save $500 million, and complete the rebuild two years earlier than previously scheduled," Ms Berejiklian said.
Mr Ayres said the NSW Government's revised plans for these stadiums are anticipated to cost approximately $1.5 billion.
"This represents a saving of half a billion dollars, retains the iconic Olympic Stadium and ensures Sydney will remain the major events capital of Australia," Mr Ayres said.
"This Government will not allow NSW to fall behind the other states on sporting infrastructure and the associated jobs and economic boost they provide. This investment will drive growth in the visitor economy, realise the economic and social benefits of a strong cultural and sporting sector, and support liveability for the people of NSW."
The NSW Government will now proceed to a final business case to be prepared by Infrastructure NSW.
Construction on the ANZ Stadium refurbishment is expected to start in late 2019 and be completed by mid-2021, and work on Allianz Stadium is expected to commence in late 2018 and be completed by March 2022.