The NZ Warriors will remain at Mt Smart Stadium, Regional Facilities Auckland (RFA) and the club have confirmed.

The NRL club's current licence runs out at the end of the 2018 season and the RFA's initial plan was that the Warriors shift to Eden Park or North Harbour Stadium, which the club was vehemently against, so much so that it even threatened to take the club out of Auckland.

The Warriors felt that Eden Park was too expensive and their fans, who are predominately based in south and west Auckland, wouldn't want to travel to Albany.

But a new agreement has been finalised between RFA and the Warriors which will see Mt Smart Stadium remain as the club's home ground until 2028.

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The agreement announced on Friday follows extensive dialogue between the RFA and Warriors management.

"We have been engaging widely with stakeholders and those connected with our stadium facilities and listening to their needs," regional facilities Auckland chief executive Chris Brooks said.

"We have always said this process may lead us to reconsider aspects of the strategy.

"We have also widened our focus to include consideration of the longer-term needs of sporting codes, other users, and the Auckland public and how we can best utilise existing facilities as well as any enhancements that will add value.

"That long-term outlook and the feedback from stakeholders is helping us shape a view on what Auckland needs now and over the longer term."

Brooks said the discussions with the Warriors were based around fulfilling the club's needs, alongside RFA's goal to maximise the use of its facilities on a cost-effective basis for ratepayers.

"The new agreement offers greater commercial value to RFA and Auckland ratepayers, reflecting Council's investments in Mt Smart Stadium and the on-going cost of maintaining the venue into the future, while also providing certainty and some enhancements for the Warriors and their fans," Brooks said.

Mt Smart Stadium will continue to be used as an outdoor concert venue and Brooks said other elements of the Stadiums Strategy are being worked on and discussed with relevant stakeholders.

One other change signalled as part of the process is a short-term extension for speedway to remain at Western Springs until early 2019 while work on an alternative speedway location is progressed.

The RFA's earlier plan was for speedway to move to Mt Smart Stadium and cricket relocate to Western Springs.

In its current condition, Mt Smart Stadium doesn't reach the NRL's requirements, but those improvements will be made and the agreement gives the Warriors certainty over their future.

"We were in a position not so long ago where we were being told Mt Smart Stadium wouldn't be our home beyond 2018," Warriors managing director Jim Doyle said.

"We were passionate about staying here. We have always said it is our home and we certainly appreciate the way so many people showed their support for us to remain, particularly our members, fans and, of course, our No 1 member Sir Peter Leitch.

"We're especially grateful to Chris who was open to consultation and discussion about the stadium strategy. It's his attitude and his willingness to listen to our views which has enabled us to reach the point we are at today.

"This is a fantastic day for the Warriors, for our players and staff, for all our members, for the city and for rugby league."

Doyle said the terms of the agreement feature an undertaking for significant upgrading of the stadium and its facilities.

"This will include replacement seating, refurbishment of the dressing room facilities and a community classroom while the agreement also allows for replacement floodlights, a new big screen and a facelift for various areas of the stadium," he said.

"We're excited about what is in store as we work with the RFA to make Mount Smart Stadium the best home it can be for the Warriors."