The Queensland Government has earmarked $140 million to support the development of the North Queensland Stadium centrally located in Townsville. A 25,000 seat best-practice regional stadium with a capital cost of $250 million has been identified as the best option for government to pursue.
A $100 million funding contribution from the Federal Government has been pledged for the development of a stadium. The National Rugby League (NRL) and the North Queensland Toyota Cowboys has pledged an upfront payment of $10 million towards the construction of the stadium and the Townsville City Council will contribute the land that the Stadium will be built on.
The North Queensland Stadium site is located within the Townsville City Waterfront Priority Development Area which complements the stadium as a strong strategic stimulus for the social and economic development of the City.
The stadium project is anticipated to provide a catalyst for urban regeneration in Townville, attracting further investment into the region and helping to restore confidence in the community.
The Queensland Government will now finalise the preferred procurement option analysis and move to formally secure funding commitments for the project.
The business case
The North Queensland Stadium Business Case reviewed current Townsville sporting and entertainment facilities and investigated the standards and requirements of modern stadia. It includes benchmarking of other regional stadia in Queensland, nationally and internationally, to inform the proposed stadium option designs, seating capacity and mix of corporate facilities.
View the options considered in the business case.
Best-practice regional stadium
The business case identified a 25,000 seat best-practice regional stadium as the preferred stadium option for government to pursue. This design is considered to offer significant potential for catalytic development in Townsville, and importantly meets stakeholder expectations.
The best-practice regional stadium also allows for the integration of an entertainment centre component at a future date, should funding become available.
The Queensland Government has worked closely with many stakeholders to develop the business case including the Townsville City Council, the National Rugby League, the North Queensland Toyota Cowboys, Townsville Enterprise Limited, and other regional stakeholders. This consultation has informed the various stadium option designs, seating capacity and mix of corporate facilities.
The government remains committed to working with stakeholders as the project progresses.
The Queensland Government will now finalise the market sounding and financial modelling to inform the preferred procurement methodology for the project. The aim is to have the best practice regional stadium completed in time for the start of the 2020 NRL season.
For more information
For further information on the proposed North Queensland Stadium please contact the Major Projects and Property Office or call 13 QGOV (13 74 68).