May 7, 2009

$36 million Rudd Government boost for Gold Coast AFL stadium

$36 million Rudd Government boost for Gold Coast AFL stadium

MEDIA RELEASE

The Hon Anthony Albanese MP

The Minister for Infrastructure, Transport,

Regional Development and Local Government

Leader of the House

Member for Grayndler

May 7 2009

Anthony Albanese, Minister for Infrastructure and Local Government, and Kate Ellis, Minister for Sport, have announced that the Rudd Labor Government will offer $36 million towards a new 25,000-seat AFL and sports stadium at Carrara on the Gold Coast.

Mr Albanese and Ms Ellis were on the Gold Coast  to make the announcement with Queensland Premier Anna Bligh, Gold Coast City Council Mayor Ron Clarke, and the AFL’s CEO Andrew Demetriou.

This is the largest single allocation from the Rudd Labor Government’s $800 million Community Infrastructure Program.

Our contribution to this $130 million development will ensure that the project goes ahead.

Our investment will secure the Gold Coast’s place in the Australian Football League, making it the AFL’s 17th licence holder.

It will also trigger a $200 million investment by the AFL over the next seven years in the development of the code in Queensland.

It will support jobs, boost the Gold Coast economy and provide first-class sporting infrastructure in south-east Queensland.

Data provided by the AFL shows that, over a 10-year period, this project will deliver 2,239 full time equivalent jobs each year and generate $415 million of economic activity.

In addition, the Gold Coast will benefit from a direct tourism impact of $34 million every year through day trips and overnights stays for AFL matches.

The new stadium will also be capable of expansion in order to host signature events in the future.

This federal funding is part of our $800 million Community Infrastructure Program – the largest one-off investment in local infrastructure in Australia’s history.

Through the Rudd Government’s economic stimulus package, we are investing in major projects like this to support local jobs and economies during the global recession.

Upon completion, the stadium will accommodate 25,000 spectators and have corporate facilities for 2,000.

This funding builds on $1.7 million that the Rudd Labor Government has already delivered for two local community projects on the Gold Coast this year.

Nearly 70 per cent of the stimulus package is infrastructure with construction projects already underway.

More than 3,000 projects are being funded through the Government’s Community Infrastructure Program across Australia to support local jobs.