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Sydney to spend A$2b to rebuild its two biggest stadiums

But critics slam it as waste of money; say funds could be better spent on improving schools, hospitals

Published Fri, Nov 24, 2017 · 09:50 PM

Sydney

THE two biggest stadiums in Sydney will be torn down and rebuilt in a major A$2 billion (S$2.05 billion) redevelopment, the state government said on Friday, in a controversial move that critics have deemed a waste of money.

The 83,500-capacity ANZ Stadium - completed in 1999 for Sydney's hosting of the 2000 Summer Olympics - will be replaced by a 75,000-seat rectangular ground, New South Wales state Premier Gladys Berejiklian said.

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Property

Property

Sydney to spend A$2b to rebuild its two biggest stadiums

Property

Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%

Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters

Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up

Country Garden plans to present debt revamp plan in H2, sources say

Hong Kong home prices rise for first time in 11 months after curbs scrapped

HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand

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