I believe it is literally just the land the building sits on. Not the oval.or land around it.
I recall the SANFL gave a parcel of land to us and Port in the late 2000s. We built our new building on it. I think Port negotiated cash relief in lieu of theirs. Remember that idea their CEO Haysman had to create a shopping centre.
https://www.adelaidenow.com.au/spor...t/news-story/3f79341e75fff3df4caf198bd1e3bc18
I guess the question is do we really own that parcel of land. Or SANFL let us use it and it forms part of the overall land package and the developers already own it.
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My understanding is when the lease is up everything gets demolished and we get nothing. The 30year free lease is payment for any land we may have owned.