The details were released at an athletics community briefing at the venue on Thursday.
The $6.7 million project will deliver a new World Athletics (WA) compliant synthetic athletics track with a moisture resilient track surface, new asphalt subbase, drainage and stormwater system upgrades, and accessibility improvements.
The Minns Labor government has also released the project timeline, with track designs scheduled to be completed by October 2025, a track builder appointed by November 2025, construction commencing in December 2025 and the track scheduled to reopen during the third quarter of 2026.
While the new track is being constructed the temporary grass athletics track at the Sydney Academy of Sport will continue to be available to the athletics community.
Minister for Sport Steve Kamper said:
"Today's announcement is fantastic news for the Northern Beaches athletics community.
"It gives both them and the Minns Labor Government a start and finish line, and we are aiming to cross it in record time.
"The new world-class athletics track at the Sydney Academy of Sport will be the home of athletics on the Northern Beaches and the birthplace of Olympic dreams."
Member for Wakehurst Michael Regan said:
"If the Sydney Academy of Sport Athletics Track project was a hurdle race, we'd have just cleared the second hurdle. There's still a long way to go, but we now know how long the race is.
"The community has shown it has the stamina to go the distance and will definitely be there at the finish to celebrate the track's completion."
Member for Pittwater Jacqui Scruby said:
"Today's announcement is a huge budget win for Pittwater, with $6.7 million secured for the Sydney Academy of Sport Athletics Track.
"We've been waiting for a finish line since the track was closed and it's a relief to know it's in sight.
"Our athletes have been resilient and resourceful, but now we need swift delivery of this project, so they can finally return to the world-class track they deserve."