The Integrated Stadium & Entertainment Centre will be delivered in two stages as a part of the Priority Waterfront Development Area. Stage one includes the $250M Townsville North Queensland Stadium which will deliver an iconic, 25,000 seat regional stadium in Townsville in time for the 2020 NRL season.
Stage one of the project funds include a $140M commitment from Queensland Government, $100M from the Australian Government through the Townsville City Deal and $10M from the North Queensland Cowboys and the National Rugby League (NRL).
Townsville Enterprise is strongly advocating for funding to complete stage two of the project, the 6,000 seat Convention & Entertainment Centre. Currently $130M is required to complete this component. The Townsville City Deal notes the business case of this stage; however no construction commitments have yet been made from any level of Government.
A study by KPMG shows that it will cost less to co-locate the facilities in the new ISEC complex than to continue to maintain both the 1300 Smiles Stadium and the Townsville Entertainment and Convention Centre.
Local construction and mining services group Watpac is project managing the Stadium construction and has announced 80% of hours spent building will be by locals and at least 80% of the value of the project will be spent on local subcontractors and suppliers.
Jobs and Economic Impacts
- 1,650 Full-Time Equivalent (FTE) jobs during construction
- $130M in wages and salaries during construction
- $280M in Gross Regional Production (GRP)
- $5M annual GRP once ISEC completed
- 37,000 new visitors to the region each year
- $2M annual visitor spend will be added to Townsville economy once ISEC is completed
- 10 June 2016 - Queensland Government announced it would increase investment from $100M to $140M
- 13 June 2016 - Federal Government pledges $100M towards project
- 7 October 2016 - Rabieh Krayem, appointed Director of the Board of Stadiums Queensland
- 17 October 2016 - Seven local companies shortlisted for Stadium Contracts
- 20 December 2016 - Two graduates of Townsville Enterprise Emerging Leaders Program announced as consultants to work with Principal Designer on the North Queensland Stadium
- 11 January 2017 - Townsville Enterprise partners with advocacy groups to deliver Industry Capability Network pre-registration support
- 1 May 2017 - Watpac appointed as managing contractor for the $240M North Queensland Stadium
- Mid 2017 - Late 2019 - Construction to occur