Test legend Dennis Lillee has sensationally resigned as president of the Western Australian Cricket Association as the organisation prepares to unveil its make-or-break plan to guarantee the future of WA's iconic cricket venue.

Lillee's resignation on Tuesday night comes just two days before the release of a report on how much cricket should be moved from the WACA Ground to Perth's new $1.2 billion stadium at Burswood, which is set to be completed by 2018.

"I cannot stand by and watch what is happening at the WACA," Lillee was quoted as saying in The West Australian.

"I do not wish to be part of it any longer."

The WACA's future has been up in the air since their $500 million project to build high-rise apartments and a business precinct around the ground collapsed in 2013.

That failed bid ended up costing the WACA around $7 million.

The WACA's future development strategy committee report is likely to recommend that Test cricket remains at the WACA Ground, but most forms of limited-overs cricket - including Big Bash League matches - be moved to Burswood.

Limited-overs move could cast doubt over WACA future

Any such decision would bring into question the viability of the ageing WACA Ground, with potentially only Test cricket and Sheffield Shield matches to be held at the venue. No other major Australian sport uses the ground at present.

The WACA Ground was officially opened in 1893, and it has since become one of the most iconic venues in world cricket.

Its reputation for being a paceman's paradise due to the sharp bounce is part of cricket folklore.

Lillee's resignation ends more than a decade at the helm of West Australian cricket.

Chairman Sam Gannon, who also started in his role in 2004, announced last month he would not seek re-election.

Lillee said the failed redevelopment of the ground was not a complete waste of time and money.

"The work has not been wasted, as the WACA has achieved planning approval for residential units and commercial space along with a significant increase in its land value," Lillee said in the WACA's financial report last year.

Lillee is one of Australian cricket's most iconic figures.

The 66-year-old terrorised batsmen in the 1970s and '80s, capturing 355 wickets in a career spanning 70 Tests.

More recently, he played a key role in mentoring Australian pace ace Mitchell Johnson.

AAP