Melbourne & Olympic Parks is undergoing a multimillion dollar transformation that will deliver new and improved facilities across its arenas, stadiums, and function spaces, strengthening the precinct’s position as a world-class events destination.

The Melbourne Park Redevelopment currently stands as an investment of more than $700 million that builds on the precinct’s reputation as the home of sport and entertainment in Australia.

Nowhere else in the world is there a precinct boasting such a concentration of venues within walking distance of the CBD. Located a mere 10 minute walk from Federation Square, Melbourne & Olympic Parks consists of three internationally-renowned arenas (Rod Laver Arena, Hisense Arena, and new addition Margaret Court Arena) one award-winning stadium (the 30,000 seat AAMI Park) and one adaptable, pillar-less function space (the 2,200 square metre Melbourne Park Function Centre). This unique combination of venues means the precinct is perfectly positioned to cater to any event of any size.

Stage One of the redevelopment was completed in late 2014 and includes a $182 million upgrade of Margaret Court Arena (MCA), transforming what was an outdoor tennis court into a state-of-the-art boutique arena. Featuring a stunning copper-coloured, pleated roof that opens and closes in under 5 minutes, making it the fastest retractable roof in the world, the new MCA is a genuine multi-use facility that has been designed to accommodate any type of event. The striking architecture of the venue is matched by its magnificent views of the Melbourne city skyline.

The proximity of the venue to the CBD will be enhanced through the construction of the Batman Avenue Bridge, due for completion in 2016. The bridge, a key feature of the redevelopment, will be the primary pedestrian entrance to the precinct from the city, providing direct access from Flinders Street Station.

The new Margaret Court Arena compliments the precinct’s signature venue, the adjacent 15,000-seat Rod Laver Arena. Best known as home of the Australian Open tennis finals but also one of the highest-grossing concert venues in the world, Rod Laver Arena will receive a refurbishment as part of Stage Two of the redevelopment project, ensuring it maintains its status as the primary entertainment venue in Australia.

Rod Laver Arena, Margaret Court Arena, and the 11,000-seat Hisense Arena complete Melbourne & Olympic Parks three-tier arena offering, while the 30,000-seat AAMI Park rivals the world’s best rectangular stadiums. Defined by its cutting-edge bioframe design, AAMI Park is an iconic stadium purpose-built for Victoria’s burgeoning rugby and soccer codes and renowned for its unique design and high standard of amenities.

The Melbourne Park Function Centre, earmarked as a future focus of the Melbourne Park Redevelopment, is the precinct’s adaptable function venue, providing stunning city views with world-class catering options. A flexible space, the venue excels at hosting any level of event, be it tradeshows, exhibitions, conferences, meetings, banquets or cocktail parties.

The Melbourne Park Redevelopment project is co-managed by Melbourne & Olympic Parks, Tennis Australia, Sport and Recreation Victoria and Development Victoria.