13 December 2025

$317 million Lyric Theatre contract goes to Multiplex

| By Ian Bushnell
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The new Lyric Theatre is expected to be a drawcard for major productions. Images: ACT Government.

Canberra’s new 2000-seat Lyric Theatre will cost $317 million under a contract awarded to Multiplex, with main construction to start early in 2026 and due to be completed in 2028.

The new theatre will be purpose-built to stage large-scale theatrical shows that have not been able to come to Canberra due to limitations at the existing Canberra Theatre.

These productions include major national and international musicals, ballet, opera and international acts such as Hamilton, Wicked, Lion King, Miss Saigon, Frozen, Mary Poppins.

The new theatre will rise from the former car park site on Vernon Circle next to the Playhouse. It will have a large state-of-the-art stage, technical performance capability and excellent sound quality, like that of the Sydney Lyric Theatre and the Princess Theatre in Melbourne.

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The government says existing theatres at the Canberra Theatre Centre are too small for major shows to be profitable.

The new theatre’s seating capacity will mean it can attract top-tier performances and be a highly competitive venue on the national touring circuit.

It will feature three seating levels, a larger stage for big casts and sets, a framed stage (called a proscenium), modern orchestra pit for live music, a fly tower to fly scenery in and out, accessible seating, ramps and lifts, ticketing, cloaking and merchandise facilities, hospitality offerings, a sustainable, all-electric green star design and features honouring First Nations connection to Country.

The government expects the Lyric Theatre’s more expansive offering to deliver strong economic and visitor benefits for Canberra.

By year five of operations, it is projected to contribute $33.7 million a year in direct expenditure, representing 111,000 visitor nights each year.

The construction team includes designers Cox Architecture in collaboration with Yerrabingin, Charcoalblue theatre and acoustic consultants, as well as Arcadia Landscape Architecture.

The theatre is a timely investment in the visitor economy and the ACT’s cultural identity, says Chief Minister Andrew Barr.

The design reflects feedback from community consultation over the past two years.

The National Capital Authority provided main construction works approval in November, following public exhibition between September and October this year.

The Canberra Theatre Centre will remain open during construction so the community can continue to enjoy performances at the Playhouse, Canberra Theatre and Courtyard Theatres.

The new Lyric Theatre is part of a significant transformation of the City Centre, including light rail expansion, new active transport connections, multi-level car parks, commercial buildings, new and renewed public spaces, a new university campus, major cultural infrastructure and thousands of homes.

Chief Minister Andrew Barr said the new theatre would be a major driver of Canberra’s cultural and tourism economies, creating hundreds of jobs during the construction and operational phases.

“This project is also a key part of the transformation of our city centre,” he said.

“It will support the night-time economy, bringing thousands of people into the city centre each night, over the hundreds of nights it will be used each year.

“It’s a timely investment in our visitor economy and our cultural identity.”

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Arts and Creative Industries Minister Michael Pettersson said the contract signing marked a major milestone in bringing this world-class cultural venue to life.

“We are another step closer to delivering a new performance space that will inspire creativity, support local talent and attract audiences from across the country,” he said.

“This is an exciting moment for Canberra and we look forward to seeing the site transform as work gets under way.”

Multiplex NSW/ACT regional managing director David Ghannoum said Multiplex had worked closely with the ACT Government, theatre users and stakeholders to ensure the new theatre was a world-class cultural venue for all Canberrans.

“We are excited to move into the next phase of delivery of bringing those plans to life,” he said.

It is not unexpected that Multiplex was awarded the construction contract, given it was selected in May as the early delivery partner for the project.

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Big Splash is privately owned.

The City Pool is being moved to allow a revamped Conference Centre, which will in turn, attract more people and money here.

This equals more revenue for government in the longer term.

Government finance isn’t like personal finance. More like business finance.
Sometimes you have to spend money to make money.

When politicians start using terms like:
“world-class cultural venue”, “inspire creativity” ,
“support local talent and attract audiences from across the country”,
“It will support the night-time economy, bringing thousands of people into the city centre each night”, &
“significant transformation of the City Centre, including light rail expansion, new active transport connections…”,
you know they are trying too hard to justify the project, and that the “spin doctors” have been working over time!

You do have to give the government sprukers credit however, for remembering to stay on script and bang on about light rail, and active transport connections!

With 1,000s of theatre goers coming into the city every night, I guess LR along the Gunners line is going to be busy, and the rest of us, from the east, west and south will be using those active transport connections and getting out the treadly or slapping on those old Dunlop KT26s.

I do wonder what the Credit Rating agencies that downgraded us, think of our need for a “world-class cultural venue”?

In three words, Canberra International Dragway.

The Barr Government is BROKE.

The $millions will have to be borrowed & result in even more interest repayments.

Incidental Tourist8:58 am 13 Dec 25

I am not a fan of Barr’s government but this Theatre is their best long term investment in decades in Mental health, Education, City infrastructure, and Local Business combined.

Tom Worthington8:15 am 13 Dec 25

Can the new Lyric Theatre also be used for conferences? Canberra’s conference facilities need an upgrade.

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