Stadium Standstill After Construction Company Walks Away From The Job

Sydney's Allianz stadium rebuild is on hold after the building company that knocked it down rejected the money the NSW government offered to complete it.

A firm that knocked down Sydney's Allianz stadium has refused to rebuild the venue for the amount of money on offer from the Berejiklian government. The NSW government is searching for another company to rebuild the stadium after Lendlease rejected its offer.

The total budget for knocking down and rebuilding Allianz Stadium at Moore Park is $729 million.

A general scene of the demolition underway of Allianz Stadium on April 11, 2019 in Sydney, Australia. The stadium is currently being demolished ahead of a rebuild expected to be completed by 2022. IMAGE: Getty Images

NSW Sport Minister John Sidoti on Friday said Lendlease's stage two offer "did not meet the government’s expectations so we are looking for another builder in a competitive market".

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AAP understands Lendlease did bid for the construction phase but the government wanted the company to do the work for less money.

A general view from the SCG showing Allianz Stadium under demolition before the round eight AFL match between the Sydney Swans and the Essendon Bombers. IMAGE: Getty Images

“We’re pleased to have partnered again with Infrastructure NSW on stage one of the Sydney Football Stadium redevelopment project," a Lendlease spokesman told AAP in a statement.

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"Building social infrastructure in partnership with government is a source of pride for Lendlease and we look forward to supporting future projects.”

Premier Gladys Berejiklian opened the new $360 million Parramatta Stadium built by Lendlease in mid-April.