I would like to see an eventual full rebuild go ahead, but your right Stuey, it probably doesn’t stack up economically. The only way it might be is if we:
1: Play every home game there;
2. Return to the old days of being a consistently successful club - every year, thus attracting higher average attendances;
3. Attract other codes to play more regular season games there;
4. Become a preferred venue for rep. fixtures - e.g. minor league/rugby/soccer internationals;
5. Utilise the new stands for leasable office space (possible at the S-E corner, according to current proposals); and
6. Move the LC into the new stadium.
Point 6 could be fraught with danger (Penrith Panthers appropriating a govt grant for grass roots league ending up funding new leagues’ club car parking anyone?), so it would have be handled well. Most people would not be keen on a leagues’ club being financed with public money to move onto public parkland.
As I keep saying, the club and Council need a plan B, in case the big rebuild doesn’t eventuate. One where $12-15 million sees the older facilities receive a meaningful overhaul.