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NSW Government to spend more than $2 billion on Allianz and ANZ Stadium rebuilds
After months of media speculation the NSW Cabinet of Premier Gladys Berejiklian has today reportedly agreed to demolish and rebuild two of Sydney's major sports stadiums - the Allianz and ANZ Stadiums - at a cost of more than $2 billion.
Reversing plans announced by former NSW Premier Mike Baird and Sports Minister Stuart Ayres, the decision follows ongoing lobbying by the Sydney Cricket and Sportsground Trust and its influential members.
The decision, reported by Fairfax media, will see Allianz Stadium at Moore Park rebuilt with a capacity of 45,000 people and ANZ Stadium at Olympic Park with a capacity around 80,000.
The plan reportedly proposes that Allianz Stadium would be demolished and rebuilt in 2018 and ANZ Stadium the following year.
The $2 billion price tag to rebuild the venues does not include the cost of rebuilding Parramatta Stadium.
This development, which is currently underway was the first part of last year’s $1.6 billion plan, which then had a rebuild of ANZ Stadium scheduled with any remaining monies going to an upgrade of Allianz Stadium.
The shelving of this plan will see the NSW Government spend at least $2 billion on rebuilding the venues, the oldest of which, Allianz Stadium, is just 30 years old.
The rebuilds will be funded through the $2.6 billion sale of the NSW Land and Property Information Service.
An official announcement on the projects is expected from the NSW Government tomorrow.
Images: Previously released plans for the redevelopment of Allianz Stadium (top) and ANZ Stadium (below).
31st August 2017 - VENUES NSW SEEKS OPERATOR FOR NEW WESTERN SYDNEY STADIUM
25th August 2017 - SYDNEY STADIUM DEVELOPMENTS TO BE FAST TRACKED BY NSW GOVERNMENT
23rd August 2017 - SYDNEY’S ALLIANZ STADIUM PREPARES FOR COLLEGE FOOTBALL SPECTACULAR
21st July 2017 - NSW GOVERNMENT RELEASES ‘COMMERCIALITY FRAMEWORK’ FOR STADIA
23rd June 2017 - ANZ STADIUM REDEVELOPMENT PROJECT HIT BY RISING COSTS
21st June 2017 - RECORD NSW FUNDING COMMITMENT TO SPORT AND RECREATION
19th May 2017 - MAJOR SPORTING EVENTS DRIVING MILLIONS OF VISITS TO SYDNEY
8th May 2017 - NEW VENUES NSW BOARD ANNOUNCED TO OVERSEE MAJOR VENUES
14th February 2017 - NRL REDUCES OPERATING LOSSES TO $2.6 MILLION IN 2016
7th December 2016 - ANZ STADIUM ROLLS OUT MASSIVE 2017 CALENDAR OF EVENTS
16th June 2016 - NSW GOVERNMENT BUYS BACK ANZ STADIUM
2nd June 2016 - PARRAMATTA STADIUM REDEVELOPMENT ENTERS DESIGN PHASE
6th September 2015 - NEW ENTITY TO MANAGE SYDNEY’S STADIUM NETWORK
21st August 2015 - STUDY RECOMMENDS $1.85 BILLION SPENDING ON SYDNEY STADIUMS
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