Initial budget and detailed plans have been revealed for the redevelopment of Sydney 2000 Olympics venue. Transparent roof over the pitch and moving stands are to put it among world’s most modern venues, news.com.au reports.

Sydney’s ANZ Stadium operator announced that some AU$ 250 million ($250m, €195m) is needed to revamp the city’s largest stadium. The changes are supposed to make it one of the most modern and multifunctional  venues ever.

Already at this point ANZ Stadium has retractable stands along the pitch, allowing it to give decent sightlines and host various events – from football and rugby (small field of play) to athletic events, cricket and Australian football. Now retractable sections would be created also behind goals, giving football and rugby fans great view from each seat. Fans would be as close as 5 meters away from the pitch.

At the same time new bars and restaurants are to be created inside the ground and around it, making fans come earlier and leave later. Or, in short, making people leave more money here.

But the most significant change would be the retractable roof, foundations for which are already in place. Thanks to almost transparent cover, it’s expected to leave the feeling of open space, while protecting from the elements at the same time.

Funding for the project is yet to be secured, but indications say that governmental subsidy and private partners should make it viable.