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Sydney’s new Allianz Stadium revealed as costing $874 million

Sydney’s new Allianz Stadium revealed as costing $874 million
September 2, 2022

Infrastructure NSW and Venues NSW have confirmed that the cost of building Sydney’s new Allianz Stadium went 20% over budget, costing $828 million against $729 million allocated by the NSW Government in 2019.

The rebuilt venue, will host its first matches today, a NRLW-NRL double-header, following a community open day last Sunday,

While Infrastructure NSW told a budget estimates hearing on Thursday it expected a final bill of $820 million, falling under the revised budget, an additional $53.7 million is also attributable to the reconstruction of Venues NSW facilities.

Those facilities including a members’ aquatic and fitness facility, had, according to Venues NSW Chief Executive Kerrie Mather been demolished to make way for the stadium reconstruction.

The promise to rebuild Allianz Stadium (Sydney Football Stadium) and Accor Stadium (Stadium Australia) in Sydney Olympic Park was a polarising issue at the 2019 NSW election while demands from the Australian Rugby League Commission and NRL to develop other stadia across Sydney remain controversial.

Amid uncertainty over these developments and the NRL reportedly considering legal action against the NSW Government for going on its previous commitment to spend $800 million on a refurbishment of Accor Stadium - a condition of the competition’s contract with the NSW Government in 2018 to keep the NRL Grand Final in Sydney until 2042, NSW Sports Minister, Alister Henskens told the hearing “that (lawsuit) is unlikely, given nothing has happened for two years and for any specific performance suit, there would need to be a demonstration that a party has acted quickly.”

No decision made on acquiring land for Penrith Stadium redevelopment
Minister Henskens provided less certainty over the redevelopment of Penrith Stadium, telling the hearing he had not seen the business case for its redevelopment while advising that no decision had been taken to acquire the Penrith Paceway harness racing venue next door, despite issuing notices to begin compulsory acquisition.

Advising that the project scope was still being determined and that it had not been decided whether to build on the Penrith Panthers’ home or on the adjacent Penrith Paceway site, Minister Henskens noted “that (the $309 million allocation) is the current provision within the budget.”

Infrastructure NSW said it had entered negotiations with the Paceway’s owners to determine the feasibility and cost of building there.

NSW Office of Sport Chief Executive, Karen Jones, also told the hearing “the business case was being re-prosecuted” adding that the cost-benefit ratio for the project was positive.

Images show the new Allianz Stadium. Credit: Venues NSW.

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29th August 2022 - Venues NSW partnership with Rizer delivers memorable opening ceremony at Allianz Stadium

18th August 2022 - NRL Grand Final to return to Sydney’s Accor Stadium

3rd August 2022 - Inner West Council questions NSW Government’s stadium funding

2nd August 2022 - Community Open Day and Night announced for opening of Sydney’s new Allianz Stadium

8th July 2022 - Venues NSW seeks approval for concerts at Newcastle’s McDonald Jones Stadium

7th July 2022 - Optus Stadium named Venue of the Year at TheStadiumBusiness Awards

6th July 2022 - NSW Government looks to acquire harness racing track as site for new Penrith Stadium

9th June 2022 - Wallabies to host first international event at Sydney’s new Allianz Stadium

7th June 2022 - Sydney’s Accor Stadium lights up ahead of State of Origin game 1

7th August 2022 - Railing collapse at Leichhardt Oval during schoolboy rugby match raises safety concerns

23rd May 2022 - Inner West Council releases plans for redevelopment of Leichhardt Oval

22nd June 2022 - NSW Government budget delivers $3.5 million for Wollongong’s WIN Entertainment Centre but no money for new stadia

22nd March 2022 - Insurer Allianz to continue naming rights deal for new Sydney Football Stadium

21st March 2019 - Report reveals Allianz Stadium could have been refurbished for $18 million

29th March 2018 - NSW Government abandons ANZ Stadium rebuild plans, backs new Allianz Stadium

24th November 2017 - NSW Government confirms massive rebuilding plans for Allianz and ANZ Stadiums

23rd November 2017 - NSW Government to spend more than $2 billion on Allianz and ANZ Stadium rebuilds

24th June 2015 - Allianz Stadium Master Plan works to benefit from NSW Budget allocation

30th January 2015 - Waratahs to call Allianz Stadium home for 15 years

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