The complex will include the construction of a club with 600 poker machines, a water recreation park with beaches, an indoor arena where the Razorbacks basketball team will play and a stadium for up to 35,000 people to watch the Bulldogs rugby league team.
The next step for the giant project will come next month when the Licensing Court will decide whether the club should be allowed to trade, against opposition from other clubs.
The State Government also will need to decide in March whether to continue its year-long freeze on poker machine numbers in clubs.
The commercial agreement ratified last night is between the council, Bulldogs Leagues Club, Bulldogs Football Club, the Macquarie Bank and the not-for-profit Bulldogs Sport and Community Foundation, which will manage the complex.
Under the deal, the council will raise at least $5.75m in loans, $4.5m in cash from the the sale of the old Woodward Park pool and $12m from its development levies. The Bulldogs club will put in $10.75m for the arena, to cover its $33 million construction cost.
New South Wales-based local authority Liverpool council has approved a major deal with the Bulldogs Leagues Club for a Aus$700 million ($382.3million) club, water recreation park, football stadium and indoor arena.
