Battle for Funding as Stadium’s fight For Government Money

Allianz Stadium


Quick Summary:

Stadiums across Sydney are fighting for portions of the NSW Government’s $600 million infrastructure fund to upgrade and develop their facilities. This fund is part of a $1.2 billion Sport and Cultural fund and already has multiple claims to consider including enlarging Allianz Stadium, redeveloping ANZ stadium, and the need for a first-class rectangular stadium in Western Sydney. ANZ has recently released their plans for its redevelopment, which included a desire for $250 million worth of the Government’s infrastructure fund. However, the NRL has indicated their support for the money to help improve Allianz stadium and for improvements to be added to Pirtek Stadium in Western Sydney. NRL Chief Executive Dave Smith applauded the Government’s intention to help fund stadium redevelopments and claims that it is an important step in the process of delivering a world-class rectangular stadium in Sydney.
Article Extract:
Competing plans to upgrade and develop stadia across Sydney look set to rapidly swallow up the NSW Government’s allocation of $600 million for sporting facilities. Part of a $1.2 billion Sport and Cultural Fund to finance the development of arts and sports facilities that will be paid for by the sale of currently State-owned electricity networks across NSW, the $600 million for sport facilities already faces competing claims from projects including enlarging the Allianz Stadium at Moore Park, the ANZ Stadium’s redevelopment and a new rectangular stadium in Western Sydney.
Read More: