The NSW Government is calling for the SCG Precinct concert cap to be lifted from an average of four major events per year to 20.
NSW Premier Chris Minns has directed Venues NSW to seek regulatory approval to lift the SCG Precinct concert cap saying it is missing out on millions of dollars a year in economic activity with Venues NSW unable to host international artists such as the Foo Fighters, Bon Jovi and Billy Joel.
“Sydney is a global city and we should be able to host global acts from around the world,” he said.
“At a time when the local economy is recovering from the impacts of Covid-19, this cap as it currently stands is costing NSW businesses $40m to $60m a year.
“The cap has also resulted in a reduction of important major cultural events, with key events such as the Sydney Gay and Lesbian Mardi Gras after party forced to shift to a smaller venue.
“We need to utilise our entertainment venues to their fullest potential and show to the rest of Australia and the world, that NSW is now open for business.”
Minns said lifting this concert cap to 20 per year would bring in an additional $1.3 billion for NSW businesses over the lifetime of the stadium.
Minister for Sport Steve Kamper has directed Venues NSW to undertake the necessary planning and environmental applications to modify the historic restrictions.
“The Sydney Football Stadium is an $828 million state-of-the-art venue, for it to be lying dormant and unused is an absolute shame,” Kamper said.
“We need to remove the red tape that has caused this iconic venue to sit empty when it should be hosting the world’s best performers.”
If the application is successful, the cap could be lifted as soon as October this year.