Also around this time, as an experiment, a cricket pitch was placed in the centre of the ground, and a day/night 1 day cricket match was played between 2 local teams before a small crowd. Regular cricket matches on the ground did not eventuate.
Further renovations occurred in 1997 in preparation for staging soccer matches as part of the 2000 Summer Olympics in Sydney, which also in turn shrank the size of the playing field preventing any future Australian rules football games being played on the field. The final cost of the renovations was more than seven times what was originally anticipated by the territory government of the time, and the subsequent controversy ended the career of then Chief Minister Kate Carnell. During the lead-up, on 28 May 2000, unseasonal snow fell during a match between the Raiders and the Wests Tigers, the only such event in National Rugby League history, with the snow causing frost damage to the turf intended for the Olympic football tournament.
Olympic soccer in 2000 has initiated a stadium facelift converting the playing surface from oval to rectangular and bringing the crowd closer to the action. The only downside to this revamp is the stadium can no longer host AFL games. It is now an all-seater rectangular stadium with two main grandstands on either side of the playing field. As a result, all major cricket and Australian Rules football games in Canberra are now staged at the 15,000 capacity Manuka Oval.
In 2009 there was an A-Leaguebid from Canberra that, if successful would have seen a team play at the stadium starting with the 2010–11 season. However, the league chose to award second teams to Sydney Rovers FC (which dissolved due to financial issues) and Melbourne Heart FC.
Capacity is a nominal all-seated 25,011, the largest crowd being 28,753 for the 2004 Super 12 Final. The main grandstand is named after Canberra Raiders and Australian rugby league player Mal Meninga, and a statue of another Raiders and Australian league representative Laurie Daley adorns the main grandstand entrance.
Unveiling of the Gregan-Larkham stand at Canberra Stadium on 28 April 2007.
Whilst the stadium suits the needs of its two current primary tenants, as of 2011 it will be the second-smallest Super Rugby stadium (behind the Western Force's nib Stadium), and only a medium-sized NRL venue. The stadium itself is approaching 35 years old, and despite modernizations over the years is lacking in certain amenities for fans – especially covered seating.
Additionally, Australia had bid for the 2022 FIFA World Cup and Canberra Stadium does not meet the necessary criterion to host matches. As such, the ACT Government launched a study examining the upgrading or replacing of Canberra Stadium, with options ranging from increasing capacity and enclosing the current facility, to completely re-configuring the current stadium to an oval for cricket and Australian rules football and building a state of the art rectangular facility next door.
Citing costs of building multiple facilities as an issue, ACT Sports Minister Andrew Barr indicated his preference would be a 'super stadium' built with World Cup standard facilities and capacity, able to be reduced to approximately 30,000 seats after the event. Such a facility would have to incorporate movable seating in order to accommodate all of the major Australian sporting codes.
The official bid for the 2022 World Cup indicated that the 'super stadium' plan was unlikely and the original plan of a new rectangular stadium built next door to the current stadium, with the existing facility re-configured for oval field sports, was considered to be the likely outcome.
After the failed world cup bid a new rectangular covered stadium was proposed for Canberra. In 2013 the ACT government announced plans to build a 30,000 covered (with a roof similar to Forsyth Barr Stadium) rectangular stadium in the city on the shores of Lake Burley Griffin. It would be part of a 15 year significant redevelopment of the foreshore which extends the city to the Eastern Basin. Along with the stadium, as part of the redevelopment there would be apartments, a convention centre and an urban beach.  Plans to build a new stadium have, however, been put on hold indefinitely due to the need for funds to compensate local residents over a asbestos home insulation debacle. Cite error: A <ref> tag is missing the closing </ref> (see the help page).