"For too long Sydney has accepted the concept that we can't compete globally, that we can't compete with Melbourne in terms of our culture and cultural facilities," the premier said.

Mr Baird confirmed the package would be funded through the 49 per cent lease of the state’s electricity network which he is taking to the March 28 election. “For some reason in the arts community and across all our cultural facilities there’s been a pleading and a hope that there…