Images and video of how ANZ Stadium might look in the future were revealed. The revamp, consisting of retractable roof, stands and new commercial outlets is expected to cost $250 million.

The ANZ Stadium is already 14 years old and despite holding various large-scale events every year, its becoming less and less competitive not only internationally, but also on the domestic market. The ground's operator announced plans to upgrade it over half a year ago.

The upgrade is to consist of three major areas. First is the closing roof, made of four sliding segments that would be mounted onto the existing structure. Its surface is to be almost transparent, retaining the feel of an open venue even with closed roof.

Another area are the lower stands. Currently only those along the pitch are retractable and thus fit to provide good sightlines for both football, rugby and Australian football. In the plan also end zones are to be mobile, assuring fans are close to the pitch regardless of its size.

And finally, to increase the supporting revenue streams, stadium would be adjoined by 10,000 sqm of commercial space from the outside, with partially new façades covering it.

Altogether the scheme is thought to cost some $250 million, however financing is yet to be secured. Earlier this year the state government declared scepticism over such a spending in the near future. To add to the controversial expense, The Daily Telegraph released a report presenting spending on current stadia in Sydney for the last 7 years, totalling at massive $286 million.