AWA Alliance Bank Stadium Opens in Geelong

While games have been played in the 6-court facility since the 4th November, Saturday night was an opportunity for the who’s who of basketball to attend and celebrate the success of the project that has been years in the making.

Acknowledging the support of the naming rights partner of the stadium, AWA Alliance Bank, Sebastian Loader, Basketball Geelong Chairman said, “AWA Alliance Bank have been such amazing supporters of this project, and we would not have been able to open this facility without them. We look forward to continuing our partnership with AWA Alliance Bank for many years to come.”

“It is such an exciting time for Basketball Geelong to have our own 6-court facility to meet the demand of our players in the Geelong region. Having our own courts has been a goal of our association for a number of years, and several other plans and projects have been designed over that time that have not come to fruition. To be able to stand up in front of all our supporters and officially open this facility was very fulfilling,” Mr Loader said.

Local players, Sebastian Loader and Graeme Scannell in the new stadium.

Due to the popularity and growth of domestic basketball, there are more than 3,500 members in the Geelong region, Basketball Geelong has been in desperate need of additional basketball courts and has been looking at ways of delivering these additional facilities for a very long time.

Under the Alliance Bank Model AWA was able to invest member capital to fund the loan and structure it so new business from Basketball Geelong members and their families will help pay it down. As an Alliance Bank, AWA is able to effectively invest in its community and grow its member base. It's a win, win outcome and a great example of the principal of shared value.