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Dunedin's proposed new sports stadium to replace Carisbrook still has the backing of the Dunedin City Council, despite a $10 million increase in the price tag and less money from contributors.
The council on Monday voted 10 to five in favour of continuing with the contentious enclosed stadium near the city's university, but that is conditional on the Otago Regional Council, which meets on Wednesday, contributing $37.5 million to the now $198m project.
The cost has risen $10 million from $188m because of the increase in land costs and less money than expected from the sale of Carisbrook.
It included a cost of $165.4m for construction, based on a guarantee.
The city council has said the total project must not exceed $188m.
It would contribute $85m to the project, the University of Otago $10m, private sector funding of $45.5m and $10m from the Otago Community Trust.
Monday's meeting also heard of a shortfall in funding of $15m from the private sector and a $3m shortfall from the Otago Community Trust.
Meanwhile, the government has discussed the council's request for help to fund the new sports stadium but hasn't yet reached a decision, Prime Minister John Key says.
Key says depending on how it was funded, there was a shortfall of about $15 million to $30 million.
"We're taking on board their request and we're considering a package of wider issues," he said at his post-cabinet press conference.
"At this stage no decision has been reached about whether we will make any contribution or not."
He says other things have to be considered, such as ensuring the Rugby World Cup works well and the wider context of the development of Otago University.
"In the end, if government made a contribution it would be a modest contribution," he says.
Earlier, the meeting swiftly moved into a closed-door session as councillors heard from the Carisbrook Stadium Trust about commercially sensitive aspects of the project, the Otago Daily Times reported.
The meeting stated at 10:30am, and members of the public in a packed gallery were quick to make their feelings known.
"People are hungry, we're losing our jobs," a man yelled out, before referring to councillors as poodles.
In a report to Monday's meeting, council chief executive Jim Harland said funding shortfalls for the stadium could be as high as $35 million.
Stadium critic Councillor Dave Cull said the deficit is more like $70m than $35m and the project should be stopped.
"The desperate will always put it off in the hope that we might win Lotto," he said before the meeting.
What do you think about the plans for a new stadium in Dunedin? Share your view on the messageboard below.
Add a Comment:
Post new commentdeltic said on 2009-06-14 @ 15:49 NZDT: Report abusive post
And people say trainspotters are sad, here we have a cult that loves stadiums, great dreary columns of glass and steel. And to think of all the exciting, things you could do with $200plus mill, that would bring in more visitors to a heritage town, of which currrently numbers are dropping, nothing is being added, not now with this sucker forced on us. Mediocrity rules and costs dearly.
deltic said on 2009-05-05 @ 21:46 NZDT: Report abusive post
The $1.34 price is all spin, 200 million, add on 51 spent so far trying to con, plus just a few years ago millions spent on Carisbrook, 9 year old state of the art buildings to be bowled. Plus the purchase of Carisbrrok , add another 5 mill. Any worthy project gets refused for a drop in the bucket amount. Anyway, if every fringe cause like this wanted $1.34, we'd have a huge bite on our rates. It's a matter of principle.
deltic said on 2009-05-05 @ 21:41 NZDT: Report abusive post
So, suddenly, we are expecting, the likes of Pink Floyd, Rolling Stones, Cold Play are suddenly going to make for Dunedin? To fill the stadium, due to population, they'd have to by pass CHCh and try encourage all the punters to come down here. Even if we got one concert a year, its a laugh against the price. The concept of boarding a transportation device like a bus or aeroplane hasn't bothered me so far. the big act orgnaisers said no anyway, they know it wouldnt pay!
hallum11 said on 2009-05-02 @ 13:50 NZDT: Report abusive post
Max! Good work man! agree with every word of it! Forwarded to dad this morning, he likes your thinking! Reece
deltic said on 2009-04-29 @ 23:27 NZDT: Report abusive post
Ps, it might just be a little fatuous that the 'silent majority' didnt get counted because they 'decided not' to sned back the survey. Such is the rhetoric of the pro-stadium cult. Get real!