The NSW government is looking for another company to rebuild Allianz Stadium after the firm that knocked down the venue refused to reconstruct it for the amount of money the Berejiklian government put on the table.
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NSW Sport Minister John Sidoti on Friday said Lendlease's stage two offer "did not meet the government's expectations so we are looking for another builder in a competitive market".
The total budget for knocking down and rebuilding Allianz Stadium at Moore Park is $729 million.
"The NSW government is committed to delivering the Sydney Football Stadium on time and within the project budget for the people of NSW," Mr Sidoti said in a statement.
AAP understands while Lendlease did bid for the construction phase, the government wanted the company to do the work for less than it thought feasible without cutting corners.
"We're pleased to have partnered again with Infrastructure NSW on stage one of the Sydney Football Stadium redevelopment project," a Lendlease spokesman told AAP in a statement.
"Building social infrastructure in partnership with government is a source of pride for Lendlease and we look forward to supporting future projects."
Premier Gladys Berejiklian opened the new $360 million Parramatta Stadium built by Lendlease in mid-April.
The coalition government has also vowed to refurbish ANZ Stadium at Olympic Park at a cost of $810 million.
Australian Associated Press
