Metricon Stadium has been jointly funded by the Queensland Government ($71.9m), Commonwealth Government ($36m), Gold Coast City Council ($23m) and the AFL ($13.3m) and is a multipurpose facility that currently seats 25,000 spectators and will be capable of being extended to 40,000 seats in the future. Metricon Stadium features an AFL oval that is also capable of holding ICC cricket matches, concerts, festivals, IAAF athletics events and FIFA World Cup soccer matches.
The stadium offers world class playing and training facilities as well as providing patrons a spectator facility that exceeds current expectations. Metricon Stadium also provides the Gold Coast with an enhanced opportunity to attract additional events to the city including sporting and non-sporting events.
Metricon Stadium is another example of the Government's commitment to job creation projects to help navigate Queensland through the global financial crisis. The redevelopment is estimated to generate more than 1,100 jobs during construction, providing much needed work for people in the construction industry.
It is estimated Metricon Stadium will contribute $340 million to the economy over the next 10 years. Much of this economic benefit will be as a result of business generated by game day patrons and interstate travellers visiting the Gold Coast for events at the stadium in the accommodation, food and beverage, transport and local retail sectors.
A recent study on the impact of a Gold Coast-based AFL side found that when the club was up and running at full capacity the club would generate more than 440 local jobs and economic activity of $34 million a year – 92 per cent of which will flow to non-AFL businesses.
The funding provided by all three levels of government has also kick started a $200 million investment by the AFL in the development of the code in Queensland. The AFL is making a long term commitment to AFL on the Gold Coast.
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