The Queensland Government is considering a market led proposal for a brand new 2000 seat theatre, reports brisbanedevelopment.com.

One of the suggested sites is the old State Library, which is part of the $3 billion Queens Wharf Development.

QPAC, located in the Brisbane CBD, is currently the busiest and most profitable theatre complex in the country. Seating 2000, it is the only theatre in the city which is large enough to cater for major musical productions.

Adding to the need for another venue, QPAC is booked out for the next five years, having to knock back seasons of major productions. Graeme Kearns, the General Manager of Foundation Theatres indicates the standstill affects the whole of Australia.

“Tours are not viable if they don’t play the big theatres on the east coast. Brisbane has become such an important part of the touring circuit, as seasons there are running longer,” he said.

Foundation Entertainment, who is behind the old State Library proposal suggests that it would be a mistake if the new theatre was anything under 2000 seats.

In relation to funding the project, Foundation Entertainment would contribute $75 million, and the other $25 million would be required from the government.

The proposal is gaining international support from such well-known industry personalities as the head of Disney’s Global Theatrical Productions, Thomas Schumacher.

“Whether it’s civic or private is not my concern but there is a market here and sales are strong. The economic impact of live theatre and live performing arts for any community is large.”

A government spokesman indicated to the Courier Mail that the government is exploring options for a second theatre, and are aware that the need is there.