The Dunedin City Council has scrapped an ''unworkable'' plan
to hike rates for some businesses - but not others - to help
pay for the Forsyth Barr Stadium's events fund, deputy mayor
Chris Staynes says.
The Dunedin City Council's review of the Forsyth Barr Stadium
operating model will have to grapple with the potential to
fuel a money-go-round that could drive up rates across the
city, council staff say.
The chairman of the company running Dunedin's troubled
Forsyth Barr Stadium, Sir John Hansen, has been forced to
defend ''optimistic'' predictions of profit, as the company
eyes a possible six-figure drop in revenue next year.
The Dunedin City Council has pencilled in a 3% rates rise for
its next budget, but only after a last-minute warning the
council was ''tempting fate'' by planning to spend $600,000
in hard-earned savings.