Major demolition work is underway as part of Stage 3 of Melbourne Park, the home of the Australian Open.

Minister for Tourism, Sport and Major Events, Martin Pakula joined Minister for Priority Precincts Gavin Jennings yesterday to inspect demolition works ahead of the construction of a new function and media centre.

The new function and media centre features pre-event spaces, interview rooms, a 200-seat auditorium and broadcast studios.

The $271.5 million Stage 3 redevelopment will also include construction of a new multi-purpose 5,000-seat sunken show court arena and a central logistics hub.

These upgrades will not only provide a better player and spectator experience, they will also give local and international media the perfect vantage point for the Australian Open, showcasing Melbourne to the world.

Minister for Priority Precincts Gavin Jennings said “Melbourne Park is one of the world’s most iconic sports and entertainment precincts and this project will ensure it stays that way.”

Melbourne Park and the surrounding Sports Precinct are a key component of the Richmond to Docklands corridor, combining some of Melbourne's most attractive river and parklands with the best in sports, entertainment, arts and cultural venues.

Melbourne and Olympic Parks deliver more than 600 events throughout the year, attracting 2.5 million visitors.

The Australian Open alone creates more than 1000 jobs every year and injects more than $280 million into the Victorian economy.

Works on Stage 3 are scheduled to be completed in time for the 2023 Australian Open.