What’s the Buzz: Plan for $120m roof over Stadium Australia

Sydney’s biggest stadium is set for a significant overhaul, including a special feature, to safeguard the future of the arena as a major-event venue.

The NSW government is considering a $120 million project to put a retractable roof over Stadium Australia in Homebush.

It will allow Sydney to stage major events including NRL grand finals, State of Origin games, UFC blockbusters and concerts for 80,000 fans under complete cover.

The plan is part of Venues NSW chairman Tony Shepherd’s long-term vision to ensure Sydney is in a position to beat rival states for the best local and international sporting content.

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Sydney becomes a far more appealing proposition for global entrepreneurs knowing the venue is weather proof and that they are guaranteed 80,000 ticket sales.

The Sunday Telegraph understands the state government is prepared to spend up to $800 million on stadium infrastructure over the next five years.

A $120m retractable roof would be part of a major overhaul at Stadium Australia. Picture: Matt King/Getty Images

Two or three boutique stadiums would be built for NRL clubs to host matches at suburban venues.

The rest of the money would be spent on a retractable roof for Stadium Australia and the refurbishment of corporate areas and bar and dining facilities for fans.

The more modern facilities will safeguard the future of Stadium Australia as a major-event venue. The government spend would be justified in the dollars it would generate for tourism from major events.

It will also mean the South Sydney Rabbitohs will remain at Homebush rather than move to Moore Park to share the new Allianz Stadium with the Sydney Roosters.

The Rabbitohs have a 10-year lease at the Homebush stadium but it is conditional on the government spending money to bring the venue up to world-class standards.

As part of a government agreement to renovate the stadium the NRL would guarantee grand finals remain in Sydney for 25 years.

Shepherd has spoken to NRL independent commission chairman Peter V’landys about the plan and has his support.