Vic: AFL sells its one-time showpiece Waverley Park

AAP General News (Australia)
12-10-2001
Vic: AFL sells its one-time showpiece Waverley Park

MELBOURNE, Dec 10 AAP - The Australian Football League (AFL) today announced the sale
of its former sporting showpiece, Waverley Park, to the Mirvac development group.

Mirvac proposes to develop the 80-hectare site into a $700 million suburb with some
1,400 new dwellings.

However under Mirvac's proposal a section of the stadium will be retained as a community
sporting precinct which will also be the home of the Hawthorn Football Club whose players
will train there.

AFL chief executive Wayne Jackson said the AFL commission had accepted the recommendation
of Anderson Consulting, which had overseen the tendering process in deciding the winning
bid.

Mr Jackson said he was delighted the site had attracted such strong interest from the
commercial sector and he said the sale agreement was a key plank on the future financial
strategies of the AFL's national competition.

"The sale of Waverley will provide our national competition with security and stability
and also enables the AFL to continue its grass-roots development of Australian football
to the long-term future of the game," he said in a statement.

A sale price for the stadium was not immediately available.

AAP bp/szp/gfr/ph/bwl

KEYWORD: WAVERLEY

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