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With Sydney’s biggest stadium set to miss new funding, high-level negotiations are being finalised for ANZ’s operators to be paid $135 million over the next 15 years to hand over control to a new government-appointed super stadium trust.
Sport Minister Stuart Ayres is expected to receive a report this month recommending a new 65,000-seat venue be built near Moore Park’s outdated Allianz Stadium on land presently controlled by the Centennial Park and Moore Park Trust. It will also recommend the construction of a new 35,000- seat Parramatta Stadium, home to rugby league’s Parramatta Eels and soccer’s Western Sydney Wanderers.
The controversial plan will require Premier Mike Baird’s support to double the $600 million stadium fund he promoted at the March election.
Highly placed sources told The Daily Telegraph Mr Ayres believes the government will need to allocate about $800 million to build the new Moore Park stadium and $400 million for Parramatta Stadium.
Former Liberal leader John Brogden, who is writing the report for Mr Ayres, has also revealed to the Centennial Park and Moore Park Trust that a smaller multi-sports venue — believed to be worth about $100 million — would be built when Allianz is demolished in about five years.
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So where do we go then...Coogee oval?
With Sydney’s biggest stadium set to miss new funding, high-level negotiations are being finalised for ANZ’s operators to be paid $135 million over the next 15 years to hand over control to a new government-appointed super stadium trust.
Sport Minister Stuart Ayres is expected to receive a report this month recommending a new 65,000-seat venue be built near Moore Park’s outdated Allianz Stadium on land presently controlled by the Centennial Park and Moore Park Trust. It will also recommend the construction of a new 35,000- seat Parramatta Stadium, home to rugby league’s Parramatta Eels and soccer’s Western Sydney Wanderers.
The controversial plan will require Premier Mike Baird’s support to double the $600 million stadium fund he promoted at the March election.
Highly placed sources told The Daily Telegraph Mr Ayres believes the government will need to allocate about $800 million to build the new Moore Park stadium and $400 million for Parramatta Stadium.
Former Liberal leader John Brogden, who is writing the report for Mr Ayres, has also revealed to the Centennial Park and Moore Park Trust that a smaller multi-sports venue — believed to be worth about $100 million — would be built when Allianz is demolished in about five years.
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So where do we go then...Coogee oval?
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