"It is no longer a symbol of progress for the city, sadly, it has become the opposite," Read said.
"It highlights what we're missing out on - All Black tests, I don't get to play in my home town, there's concerts - Ed Sheeran, Elton John.
"When the stadium was built, I believed I'd get the chance to play in a new stadium. Now, I just hope I have a stadium I can be proud of to take my kids to."
AMI Stadium was opened in 2012 with a five-year usage timeline in mind. A new 25,000 seat, multipurpose stadium with a full roof and retractable playing surface was planned, expected to cost around $500 million.
While the council had designated $253 million toward the project in their long term plan, more funding for the stadium could come from the government's proposed $300 million Christchurch rebuild fund.
The original 36,000 seat AMI Stadium in Christchurch was damaged in the 2011 earthquake. As a result, they played home games in the 2011 season in Nelson, Timaru as well as one-off home games in Wellington and London.
To keep home games in Christchurch from 2012, they adopted Addington's Rugby League Park and added temporary infrastructure to meet the minimum requirements for hosting Super Rugby. The current stadium has a capacity of 18,600.
While emotions ran high when they returned to Christchurch in 2012, however the novelty had worn off, and Crusaders coach Scott Robertson said a new facility was needed.
"People are paying to get hailed on," Robertson said. "Our stadium is the least suitable stadium in Super Rugby by over 8,000 people.
"It's something we need now."