The upgrade is expected to stimulate economic growth, attract more visitors, and reinforce Brisbane’s status as Australia’s lifestyle capital and a hub for arts and entertainment.

Overall, the project aims to position Brisbane as a leading city for arts, culture, and live events, leveraging private investment to support public infrastructure.

Brisbane's Riverstage, built in 1989 and hosting major concerts with nearly a quarter of a million attendees last year, is set for upgrades ahead of the 2032 Olympic and Paralympic Games.

The city is partnering with the private sector to fund these upgrades, which will include new facilities and advanced sound management, while the Brisbane City Council retains ownership and continues to support community events.

This initiative aims to enhance Riverstage as a world-class venue for live music and cultural events, reinforcing Brisbane's reputation as a leading arts and entertainment city.

The funding model emphasizes investment in arts and culture without burdening residents financially, with funds instead allocated to infrastructure like roads and public transport.

Supporters, including Councilor Adam Allan, believe this model will facilitate upgrades while allowing the council to focus funds on roads and public transport.

An expression of interest campaign for venue operators will begin on September 22, 2025, seeking private partners to manage and invest in the venue.

The private company will manage Riverstage under a long-term lease, with ownership remaining with the Brisbane City Council.

Brisbane’s Mayor and the Committee for Brisbane emphasize Riverstage’s historical significance, its connection to Expo '88, and its potential to boost Brisbane’s reputation as a premier live music destination.

A similar public-private funding approach is planned for Chermside Pool, indicating a broader strategy for infrastructure upgrades.

The Schrinner Council will launch the private partner expression of interest campaign on September 22, 2025, to operate and invest in Riverstage, which will remain publicly owned.