The €3.5bn renovation plans announced today for the State Stadium, which has hosted the biggest sporting event in the city since the 1980s, will be funded by €6.6bn from the city’s €6bn sports budget.
The €3,000 per ticket increase, which is expected to raise about €2bn for the stadium, will go towards upgrading and refurbishing the main stand, seating, bleachers, restrooms and suites.
The stadium will also be renovated, with new seating for about 2,000 fans.
The main stand has already been renovated and will also undergo a “major upgrade”, said Mr O’Neill.
“There are many changes that will be coming to the stadium as well,” he said.
The new seating will be built on the north side of the stand, with the new seating and bleachers placed on the opposite side.
The seats will be wider, with bigger glass walls and bigger fans.
There will also now be a new locker room on the south side of that stand, which will also have the capacity for about 3,000 spectators.
The stadium’s existing capacity is 3,200.
It will have the same capacity for the next match.
The arena has been closed for renovations since November, with some sections of the north stand being demolished to make way for the new stadium.
The new stadium will have two stands for the games of the Irish Football League and a new indoor arena, with an opening date still to be announced.
Mr O’Malley said the improvements would ensure the State is able to host games from next season.
The State Stadium was originally built as part of the State of the Art programme, with it being completed in 1988.
It was the home of the National Rugby League until 2003 when it moved to a new venue.
The Stadium was sold to Irish Rugby Union in 2013 for a further €7.5m and has hosted many of the top Irish football clubs over the years, including the Super Rugby and Guinness PRO12.
The Irish Rugby union are set to open a new €3m stadium at their new base in Dublin this summer, as part in the ongoing transformation of the ground.