Iconic F1 venue to be demolished within days as stunning new £210million rebuild plans are released

THE Australian Grand Prix pit building at Albert Park is set to be knocked down THIS MONTH ahead of a huge rebuilding project.

After last week’s Formula One 2026 season opener, won by Mercedes driver George Russell, work is about to begin on long-awaited redevelopments.

Melbourne, Australia. 08th Mar, 2026. Lando Norris (GBR) McLaren F1 Team MCL40 makes a pit stop. 08.03.2026. Formula 1 World Championship, Rd 1, Australian Grand Prix, Albert Park, Melbourne, Australia, Race Day. Credit: James Moy/Alamy Live News
The Australian Grand Prix pit building is set to be knocked downCredit: Alamy
March 6, 2026, Melbourne, Victoria, Australia: MELBOURNE, AUSTRALIA - MARCH 06 2026: Pits atmosphere after Free Practice Session 2 during the 2026 Australian Grand Prix at Albert Park in Melbourne, Australia (Credit Image: ¿ Chris Putnam/ZUMA Press W
Work to develop at Albert Park will begin at the end of March with grand plans laid outCredit: Alamy

The Victoria government have confirmed that the building – which has been in place since 1995 – will be demolished on March 27.

In its place, Melbourne will have a new Indoor Sports Centre which acts as the central pit location on the track.

Included in the grand plans are 14 team garages, a race control room, and upgraded media facilities.

The state hope to make the venue truly multi-purpose and useful throughout the year when F1 is not taking place.

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Better viewing areas will be added with extra space for spectators and further advances in hospitality as well.

With almost 500,000 fans going to Albert Park across the four days earlier in March, it is hoped that the new building will be fully operational by 2028.

Next year’s race will use “a combination of existing, new and temporary facilities.”

Alongside the race day improvements, seven indoor multi-use sports will be built.

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Concept images of the revamped Albert Park show a giant glass-fronted building above the pit lane with a balcony for fans.

The sports hall with raised ceilings are also glass-panelled with easy access stairs up to the main site from outside.

It will cost more than a reported £200million in total after asbestos was discovered.

That meant a fresh proposal increasing by over £50million with no confirmed budget set out.

Tourism, Sport and Major Events Minister Steve Dimopoulos said: “The new Melbourne Indoor Sports Centre will give the Albert Park community a bigger and better home for local sport, while delivering modern race facilities for the Australian Grand Prix.

“We’re investing in the future of the Australian Grand Prix so Melbourne can continue hosting this world-class event and showcasing Victoria to millions around the globe.”

The plans could see a higher daily capacity than the currently capped 130,000 allows.

Albert Park is contracted as the host venue for the Aussie Grand Prix until 2037, at least.

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