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Dunedin council to help fund stadium

Published: 7:33PM Monday March 17, 2008 Source: ONE News/Newstalk ZB

The Dunedin City council has voted in favour of a new covered stadium to replace Carisbrook, but with strings attached.
         
The council will only commit to the project if the cost to ratepayers is reduced by $20 million.
        
After dozens of meetings and hours of anguish, the council voted 12-2 in favour of the new stadium on Monday night.

A major condition is that the remaining cost to ratepayers has to be cut from $80 to $60 million.

The Carisbrook Stadium Trust is elated, confident the 30,000 capacity covered stadium on the edge of Otago Harbour will now proceed.

"This is an absolute green light. We've desperately needed this for some time," says Malcolm Farry of the trust.

The council backing comes with other provisos, issues relating to land purchase, pricing limits, regional council funding, Otago University involvement and the sale of the old Carisbrook stadium.

But it's a project that has split the city and not everyone is happy.

The stadium trust says the decision means it can now go after the $45 million it needs to secure in private funding.

Methods  for this include naming rights, private boxes and long-term seating.

The trust says the stadium would be ready for the Rugby World Cup in 2011.

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