http://www-static.sportingpulse.com/pics/00/00/53/84/538409_1_O.jpg
New AFL team from 2012

Announced to be redeveloped by NSW state government as a home ground for new AFL team: Team GWS (provisional name) for when they start playing.

Additionally, this stadium was originally built for baseball at the 2000 Sydney Olympics and has hosted many people every year at the Easter Show (agricultural show) and The Big Day Ouy (music festival)

If built it would most likely serve as a practice stadium if Australias world cup bid is successful due to it being located next door to 83,500 seat ANZ Stadium being 100m away.

Also, the stadium hosted the Dutch National Football Team as a practice venue before their clash with Australia.

No images have been released yet but this is how the stadium currently looks.

http://upload.wikimedia.org/wikipedia/en/thumb/b/b5/SydneyShowgroundHomebushBaseball.jpg/300px-SydneyShowgroundHomebushBaseball.jpg

http://www.worldstadiums.com/stadium_pictures/oceania/australia/new_south_wales/sydney_showground1.jpg

http://i20.photobucket.com/albums/b248/mds2152/DSCF5271.jpg

Any renders/drawings of the proposed redevelopment yet?

http://www.sydneyshowground.com.au/corporate/images/ssg_upgrade_image_000.jpg

http://www.sydneyshowground.com.au/corporate/expansion.html

Revised render
http://majorprojects.planning.nsw.gov.au/files/62912/Appendix%20D%20Architectural%20Design%20Statement.pdf

Sydney hosted the 2003 Rugby World Cup, so I don't see any real need to upgrade any stadiums if it wants to host another one.

It is unfortunate after the olympic, some of these stadium gets very little use. But upgrading it to a rugby stadium is not going to change that fate.

^^This is the former Baseball stadium of the 2000 Olympics being altered and upgraded for Australian Football not Rugby League or Rugby Union. It will be the home of a new AFL club the "Greater West Sydney Giants". Larger games like finals and games derbies against the Sydney Swans will be played at ANZ Stadium (Stadium Australia) which is next door.

When he said it may be used as a practise stadium to the world cup if successful, he is refering to the FIFA world cup also.

Update the logo also:
http://upload.wikimedia.org/wikipedia/en/thumb/7/7f/Gwsreal.jpg/638px-Gwsreal.jpg

http://www.austadiums.com/forum/viewtopic.php?f=1&t=3428&sid=9a1d41a95d578d61e7fad4494f9f1f5e&start=105

C/O Weatherhead at Austadiums

https://lh4.googleusercontent.com/-Xryr3LpEb8k/TbDbOodBM8I/AAAAAAAACyw/5k2WiV65ub8/s912/SSrender.jpg
https://lh4.googleusercontent.com/_dDGl95c-mNA/TbDbOACrA_I/AAAAAAAACys/AyxuR5CTHyI/SSrevedelopmentWork.jpg
https://lh3.googleusercontent.com/_dDGl95c-mNA/TbDbMX-lwmI/AAAAAAAACyM/2zq_DIvwPsE/s800/Appendix%20G%20Visual%20Impact%20Study_Page_01.jpg
https://lh4.googleusercontent.com/_dDGl95c-mNA/TbDbLXfSNbI/AAAAAAAACyI/_bmuIbi6Hq0/SSfromNorth.jpg
https://lh6.googleusercontent.com/_dDGl95c-mNA/TbDbNWCMkpI/AAAAAAAACyc/_dGK6ITkzrY/SSinside.jpg
https://lh6.googleusercontent.com/_dDGl95c-mNA/TbDbNTj8ayI/AAAAAAAACyk/GgfFu0_tq-Y/s800/SSeastElevation.jpg
https://lh4.googleusercontent.com/_dDGl95c-mNA/TbDbN0eke2I/AAAAAAAACyo/XQsjOskjCJk/SSprecint.jpg

I'd love for some Baseball to still be played there. Maybe a preseason MBL fixture or Nipon League.