Melbourne Park to get $338 million revamp An artist's impression of the Melbourne Park redevelopment. A FOOTBRIDGE from Birrarung Marr across Batman Ave to Melbourne Park and a new 5000-seat outdoor show court are at the centre of $338 million makeover of our tennis headquarters. Premier Denis Napthine will on Sunday announce the second stage of an upgrade to the iconic Melbourne sporting precinct that will see the new footbridge create a western entrance to Melbourne Park. Dr Napthine said major events such as the Australian Open delivered a massive boost to the Victorian economy and created new jobs. "This $338 million upgrade to Melbourne Park is critical to continue attracting global sporting, music and other cultural events such as the Australian Open," he said. There is no doubt this work will keep Melbourne Park as the best grand slam venue in the world and further cement Melbourne and Victoria as the global sporting capital. When the redevelopment of Melbourne Park is complete, Rod Laver Arena will have a seating capacity of 15,000 and Hisense Arena 10,500. Margaret Court Arena will have increased from 6000 seats to 7500, and the show courts will seat 11,000. The redevelopment will also feature a new central terrace and roof; enlarged garden square, upgraded bathroom, food and beverage amenities, and a new media centre. The State Government will provide more than $298 million for the upgrade with the Melbourne and Olympic Parks Trust kicking in $40 million. The second stage development of Melbourne Park follows on from the $366 million first-stage upgrade that includes construction of a roof over Margaret Court Arena, the new National Tennis Centre training facility, the Edwin Flack pedestrian bridge and a new Eastern Plaza. Dr Napthine said that year round, the Melbourne Park precinct hosts more than 2.1 million patrons across 200 events and delivers more than $420 million in economic benefits in the state. "There is no doubt this work will keep Melbourne Park as the best grand slam venue in the world and further cement Melbourne and Victoria as the global sporting capital," Dr Napthine said. The upgrade will also see a major refurbishment of Rod Laver Arena to improve disability access which will bring the centre into line with federal disability access laws.