$202 million (€140 million) will be invested towards the renewal of the Sydney Opera House and specifically its largest theatre, the Concert Hall. This was announced by the New South Wales Government. Since the Sydney Opera House opened in 1973, the Sydney Symphony Orchetsra has been the building’s resident orchestra, performing more than 200 concerts each year in the concert hall to over 200.000 people. The management of the orchestra announced: « Not only will the revitalisation of the Concert Hall have a major impact on the arts community in NSW and Australia, but it will have positive repercussions for the economy of NSW, leading to a growth in tourism and audience engagement. Such a critical piece of infrastructure development deserves cross-party support and we trust that regardless of the outcome of the March NSW state election, this initiative will indeed come to fruition. »