The Victorian Government has committed over $50 million to the State Sports Facilities project which will deliver new and improved facilities at Lakeside Oval and Albert Park for sporting clubs and the wider community. Lakeside Oval will provide a new home for athletics in Victoria with the development of facilities for training and competition at all levels, and administration facilities for Athletics Victoria. The 1926 heritage grandstand will be restored and will become the new home of the Victorian Institute of Sport (VIS). This project will also support the current tenants of Lakeside Oval (the South Melbourne Football Club) through improvements to soccer competition and administration facilities. The project will: redevelop Lakeside Oval to provide an international standard athletics track, improved facilities for South Melbourne Football Club and new administration spaces for athletics and the VIS improve training and competition fields for touch football, soccer and other users in Albert Park. Lakeside Oval will be developed into the State Athletics Centre which will provide the Victorian athletics community, school groups and community organisations with facilities that better meet their current and future needs New IAAF-approved synthetic 8-lane running track with a 10-lane, 110m straight 50m indoor running track in the VIS, Two long jump pits, Two hammer cages, Two pole vaulting areas, Two high jump fans, Two javelin runways, Two shot-put fans, IAAF-approved false start system, An independent photofinish system, 25m, 4-lane recovery pool in the VIS, Multipurpose sprung floor area, New IAAF-approved athletics equipment, Competition facilities including photofinish, sports presentation, officials and media ceremony rooms, New FIFA-standard natural grass pitch for soccer, New electronic scoreboard capable of streaming vision Upgraded field and broadcast lighting, and capability for TV broadcasts, Six-lane warm up track and training facilities for athletics, New northern grandstand, Corporate boxes and outdoor balcony boxes, Refurbishment of the 1926 grandstand, New ticketing, food and beverage and retail facilities, New office facilities for tenants, Two new synthetic playing fields and two new grass playing fields for use by community clubs