Canterbury Leagues Club has received the government's go-ahead for a $100 million project to transform its premises at Belmore into a six-star hotel and create new revenue streams that should guarantee the financial security and strength of the Bulldogs.

Ironically, the state government's Joint Regional Planning Panel granted its permission to Canterbury on Wednesday, the same day an independent planning authority rejected the proposal for a high-rise building on the old Balmain Tigers site at Rozelle because it deemed the traffic and transport issues were so "unresolvable" it was not in the public interest.

Canterbury will now start the tender process for the ambitious project. It is understood the redevelopment will involve: