Stadium Re-development Thread

[roboshark]

yep I agree our board does seem to have a lot more stability and nous then what it has had for ages. From what i can see anyway

 

[Eion]

Did I hear the sharks a league soccer bid had fallen over? Realistically, I can’t see a stadium upgrade unless other sports are hitched to it.

We need government funding as it’s just too expensive to do ourselves and neither libs or Labor are going to step up if it’s just the sharks.

So we either partner with other sports (rugba union and/ or soccer)…or explore what a sale of the ground/partnership with the nrl looks like.

Otherwise we deal with a max 18k crowd and shite facilities forever I guess.

 

[Quicksilver]

yep I agree our board does seem to have a lot more stability and nous then what it has had for ages. From what i can see anyway

It's a lot easier to appear to have nous when you have money in your pocket. Which isn't a situation that was created by the current board.

 

[Chimp]

It's a lot easier to appear to have nous when you have money in your pocket. Which isn't a situation that was created by the current board.

Feels like a thinly veiled dig at the current board, but alas, would also agree, it’s easier to keep the money rolling in and make smart decisions once you already have a healthy bank balance. When you’re broke, it’s hard to find room to manoeuvre.

 

[Quicksilver]

Feels like a thinly veiled dig at the current board, but alas, would also agree, it’s easier to keep the money rolling in and make smart decisions once you already have a healthy bank balance. When you’re broke, it’s hard to find room to manoeuvre.

Not a dig, it's just that they inherited more than some that came before.

 

[Chimp]

Not a dig, it's just that they inherited more than some that came before.

Ah fair enough, without any further context, it was hard to tell if you were just stating a fact or having a cheeky little dog haha…
They certainly did, but unlike many before them, I do trust that they’re investing wisely and aren’t going to squander it.

 

[Tiger Shark]

Did I hear the sharks a league soccer bid had fallen over? Realistically, I can’t see a stadium upgrade unless other sports are hitched to it.

We need government funding as it’s just too expensive to do ourselves and neither libs or Labor are going to step up if it’s just the sharks.

So we either partner with other sports (rugba union and/ or soccer)…or explore what a sale of the ground/partnership with the nrl looks like.

Otherwise we deal with a max 18k crowd and shite facilities forever I guess.

Not fallen over as far as I know but more the decision was made not to continue. I could be wrong

 

[Frenzy.]

So, what's the back story to this?​

NRL expands hotel operations, snaps up Shark Park neighbour Quest​

The Australian Rugby League Commission has snapped up the Quest Woolooware Bay Hotel, its second accommodation acquisition, located next to the Cronulla Sharks’ home ground in Sydney’s south.
The purchase, for an undisclosed price, is part of the commission’s strategy to find revenue streams outside the NRL competition it administers. It scooped up its first hotel, Brisbane’s Gambaro, close to Suncorp Stadium, last year.

Woolooware Bay Hotel is next door to Shark Park.

“The property is strategically positioned in close proximity to the Cronulla-Sutherland Sharks home ground PointsBet Stadium, in a newly developed commercial area,” the ARL Commission said in a statement. “The transaction results in a passive income stream at strong and stable yields.”

The Woolooware Bay Hotel, owned by property developer Novm, was listed for sale in May. It is part of the $1 billion Woolooware Bay Town Centre mixed-use development. The sale was brokered by CBRE’s Michael Simpson and Vasso Zographou.

“The location of Shark Park makes a lot of sense for the NRL as a buyer, but they bought it in the face of stiff competition,” Mr Simpson said.

“It’s a high-quality asset in a location where pretty much every single room has expansive views of the bay or golf course, which makes it quite a unique Quest hotel which often opts for other locations, as it does not want to operate as a five-star hotel.”

In the centre of Sydney’s Sutherland Shire, the serviced apartment hotel is due to open in late October and is leased to Quest Hotels. It can house up to 71 rooms as well as conference facilities, a business lounge and a gym. Quest Hotels is a member of The Ascott Limited chain of hotels, the largest serviced apartment network in the world.

Unlike the Brisbane-based Gambaro Hotel, the accommodation next to Shark Park will not be rebranded. The Gambaro has rooms that are named after “the game’s legendary players” including Wally Lewis, Allan Langer and Darren Lockyer suites.

Hotel deal activity has been strong in 2023, with investors keen to take advantage of the tourism boom and flexible hotel rates that can be charged even as other property asset classes, such as office, struggle to find buyers.

Earlier this year, CBRE forecast hotel deals were expected to top $2 billion as institutional and private investors look to grab a piece of Australia’s resurgent tourism sector.

Hilton Sydney was snapped up by Hong Kong-based investment manager Baring Private Equity Asia for $530 million, local fund manager Salter Brothers bought the Spicers Retreats brand and six resorts for about $130 million, and Syrian billionaire Ghassan Aboud secured the Rydges Sydney Harbour at The Rocks for a discounted $100 million.

The hotel transaction market largely froze in 2020. Just $682 million of assets changed hands as the COVID-19 pandemic forced the shutdown of much of the sector and occupancy rates fell into the single digits.

 

[Ideas Man Stephen]

Did I hear the sharks a league soccer bid had fallen over? Realistically, I can’t see a stadium upgrade unless other sports are hitched to it.

We need government funding as it’s just too expensive to do ourselves and neither libs or Labor are going to step up if it’s just the sharks.

So we either partner with other sports (rugba union and/ or soccer)…or explore what a sale of the ground/partnership with the nrl looks like.

Otherwise we deal with a max 18k crowd and shite facilities forever I guess.

I don’t think partnering with other sports is out of the question. Rather than bidding for new A-League Clubs, I think the Sharks would be better placed partnering with existing organisations of other sports in order to build the Sharks brand and image to the passionate fans of other sports in our district.

Partnering up with Southern Districts and Sutherland Football Club would further cement the Sharks place as a beacon of participation for all sports, widening our breadth within the bounds of our existing community. Those two clubs play out of very impressive pieces of real estate. What if either, or both lots became available to a commercial proposal which would see the RU and Soccer club move their match day operations to Shark Park?

 

[Russell Crowe's Band]

I believe the soccer thing they pulled out of at the "open up the books" stage but please correct me if thats wrong

 

[Russell Crowe's Band]

I don’t think partnering with other sports is out of the question. Rather than bidding for new A-League Clubs, I think the Sharks would be better placed partnering with existing organisations of other sports in order to build the Sharks brand and image to the passionate fans of other sports in our district.

Partnering up with Southern Districts and Sutherland Football Club would further cement the Sharks place as a beacon of participation for all sports, widening our breadth within the bounds of our existing community. Those two clubs play out of very impressive pieces of real estate. What if either, or both lots became available to a commercial proposal which would see the RU and Soccer club move their match day operations to Shark Park?

they were linking with sutho sharks to play there as part of the national second division.

but, that seems to be well on the backburner now.

 

[R-15-3]

A league has really dropped off the past couple or years, I wouldn’t be investing any money in it.
Use of stadium great but that’s it.

Looks more like the NRL using it more with jr reps, women’s, etc etc

 

[Stake Removed]

I believe the soccer thing they pulled out of at the "open up the books" stage but please correct me if thats wrong

We were not the only ones who didn't go to stage 2, it was like 75% of those interested didn't go to following level.
I would say that says more about the a league and not us

 

[Russell Crowe's Band]

We were not the only ones who didn't go to stage 2, it was like 75% of those interested didn't go to following level.
I would say that says more about the a league and not us

probably for the best then hey

 

[Frenzy.]

A league?

Haven't we already got a girl's team?

 

[Quicksilver]

A league?

Haven't we already got a girl's team?

We've also got a forum

 

[Quigs]

We've also got a forum

You call this a forum ?

 

[Russell Crowe's Band]

here's a question

does anyone know how many actual seats there are at shark park?

aus stadiums says 11,000. i thought that cannot be correct. there simply cannot be that many.

so ive ah...done some research
and by my count its around 7,000

can anyone confirm?

 

[Russell Crowe's Band]

leagues club delayed again most likely as per membership email

 

[ground zero]

Hows the leagues club Development going