Election torpedo for planned $667m arena in Adelaide

Plans for Adelaide's new Riverbank Arena are likely not going ahead after Labor swept into office in SA.

Plans for a new $667 million sports and entertainment arena in Adelaide’s CBD have been torpedoed after a state election saw the Liberals routed by Labor after just one term in office.

The proposed Riverbank Arena was an early election promise by former SA Premier Steven Marshall, with the 15,000 pax venue to replace the Adelaide Entertainment Centre.

The venue was to be connected via a tunnel to the Adelaide Convention Centre in a bid to attract large scale expos alongside its main function to host large sports and entertainment events.

However, in the build up to the election Labor attacked the proposal calling it a $667 million “basketball stadium”, and instead saying they would spend the money on healthcare.

“Our health system needs more resources now, not a basketball stadium,” Premier-elect Peter Malinauskas said on the campaign trail.

However, in another pre-election pledge, Malinauskas said Labor would bring back the Adelaide 500 race axed by Marshall.

Malinauskas said they were aiming for a December 1-4 date for the event, which would end the 2022 season.

“We congratulate Peter Malinauskas and his team on their victory in the South Australian election,” Supercars CEO Shane Howard said.

“We now look forward to working together to deliver the Adelaide 500 on the streets of Adelaide in December in what will be a spectacular season finale.”