SLE WORLDWIDE AUSTRALIA PTY LTD
SLE Worldwide Australia is a Managing General Underwriter specialising in insuring risks in the world of Sports, Leisure and Entertainment. Be it relaxing, playing, organising or watching sports,…
read moreWith rival groups pushing for financial backing for upgrades to Sydney's Allianz and ANZ Stadiums respectively, the NSW Government is apparently ready to turn its back on funding the former Olympic Stadium and support a new 65,000-seat venue at Moore Park and a new 35,000 seat Pirtek Stadium in Parramatta.
A report in Sydney newspaper The Daily Telegraph suggest that with a potential $600 million already pledged to elite sporting infrastructure if it proceeds with planned asset sales, NSW Premier Mike Baird will be asked support to now commit more than $1 billion for the potential new venues.
The Daily Telegraph articles quotes “highly placed sources” as saying the NSW Government will need to allocate about $800 million to build the new Moore Park stadium and $400 million for Parramatta Stadium.
A smaller multi-sports venue - believed to be worth about $100 million - would be built on the site of Allianz Stadium when it is demolished.
While the new Moore Park Stadium would include an underground carpark and be serviced by the new light-rail service running from the Sydney CBD to its Eastern Suburbs.
If true, the Stadium plan is likely to be controversial because:
• At a time when grassroots sport is appealing for funding, it doubles funding for elite venue promoted during the NSW election in March;
• It proposes a new stadium on land presently controlled by the Centennial Park and Moore Park Trust;
• It proposes the demolition of the “outdated” Allianz Stadium – only built in 1988;
• Plans for a $250 to $350 million upgrade of ANZ Stadium at Sydney Olympic Park would ignored, with the 83,000 seat former Olympic Stadium presumably being left to stage a dwindling number of elite events within ageing infrastructure.
The proposal also suggests that management of the venues be undertaken by a new ‘super trust’, involving the Sydney Cricket and Sports Ground Trust taking control of the management of Pirtek Stadium and reaching a ‘management partnership’, with ANZ’s private-sector operator, Stadium Australia Group.
Stadium Australia Group would reportedly be paid annual annuities worth $135 million - a figure based on its projected earnings over the rest of its lease, due to expire in 2031.
It would also agree to waive its contractual rights which would limit the new Moore Park venue to 48,000 seats and Parramatta Stadium to 35,000.
Image: Previous plans for a roof on Allianz Stadium have been replaced by a proposal for a new adjacent venue.
Click here to read the original feature in ANZ Stadium loses out under plan to build new sports stadiums at Moore Park and Parramatta in The Daily Telegraph.
27th November 2014 - STADIUM PLANS TO QUICKLY SWALLOW UP NSW GOVERNMENT’S $600 MILLION SPORTING INFRASTRUCTURE FUND
19th November 2014 - ANZ STADIUM OPERATORS ‘CONFIDENT’ OF $250 MILLION NSW GOVERNMENT REDEVELOPMENT CONTRIBUTION
28th May 2014 - PLANS REVEALED FOR $250 MILLION UPGRADE OF SYDNEY’S ALLIANZ STADIUM
15th July 2014 - NSW GOVERNMENT REAFFIRMS PLANS TO BACK MAJOR STADIA
Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?
As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.
The Complete Guide to Leisure Industry Products & Services.
SLE Worldwide Australia is a Managing General Underwriter specialising in insuring risks in the world of Sports, Leisure and Entertainment. Be it relaxing, playing, organising or watching sports,…
read moreAs of the 1st July 2018, Enta Australasia Pty Ltd/Best Union has been rebranded as VIVATICKET Pty Ltd. Click here to view the VIVATICKET Pty Ltd listing. 19th July 2018 - ENTA…
read moreAUSTRALIAN MADE. FIT FOR PURPOSE. Based on the Gold Coast, AlphaFit is a leading manufacturer and supplier of Australian gym equipment specifically for the commercial, strength and conditioning,…
read moreGladstone Health & Leisure (Gladstone MRM Pty Ltd Australia) is a leading supplier of leisure management and fitness software and is endorsed by leading health and fitness professionals and…
read moreGianni Mattoli Director 0412 360 378 E: gianni@mattoli.com.au E: marketing@mattioli.com.au Tony Aloi National Operations Manager 0425 762 864 E: tony@mattoli.com.au MEL · SYD · ADE…
read moreGoplay designs and manufactures specialised playground equipment for indoor play centres, hotels, food chains, clubs and resorts. If our years of experience and dedication have taught us one thing,…
read moreSince 1989 Elite Pool Covers have designed and manufactured an extensive range of high quality affordable manual,semi-automatic and fully-automatic pool cover systems for the harsh Australian…
read moreSince 2019, Active World's development team has been delivering a comprehensive single solution that caters to the diverse requirements of successfully operated and managed leisure centres. The…
read moreGet your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!