Perth Red
Post Whore
- Messages
- 69,865
private investment, NRL investment, pokie profits, Govt funding.
In fact the same place that all modern stadiums have been built on around the world. Australia seems to have a culture of expecting the State or C'wealth Govt to stump up for stadiums, other places diversify the opportunities to do this. Main issue in the model for Sydney is number of tenants and having enough activity in the facility to pay its way. Probably why a stadium for every club will not work, but some shared stadiums with 2-3 tenants could.
nib makes a profit for the SMC and State Govt with two FT (low crowd drawing) tenants and occasional events. If that profit can provide a reasonable return on investment then you will get developers and investors interested.
Once you introduce min criteria it is amazing how it focusses the efforts.
Your govt has already committed a significant sum of money for stadiums, the problem is it is going to spend it on stadiums that are not, and never will be, great for club footy. Take that money and build 2-3 25k new stadiums, that would be a great start to sorting out Sydney's rectangular stadium problems.
In fact the same place that all modern stadiums have been built on around the world. Australia seems to have a culture of expecting the State or C'wealth Govt to stump up for stadiums, other places diversify the opportunities to do this. Main issue in the model for Sydney is number of tenants and having enough activity in the facility to pay its way. Probably why a stadium for every club will not work, but some shared stadiums with 2-3 tenants could.
nib makes a profit for the SMC and State Govt with two FT (low crowd drawing) tenants and occasional events. If that profit can provide a reasonable return on investment then you will get developers and investors interested.
Once you introduce min criteria it is amazing how it focusses the efforts.
Your govt has already committed a significant sum of money for stadiums, the problem is it is going to spend it on stadiums that are not, and never will be, great for club footy. Take that money and build 2-3 25k new stadiums, that would be a great start to sorting out Sydney's rectangular stadium problems.
Last edited: