However, the man asked to help solve the stadium's financial woes admits the task remains "a challenge", with no guarantee of success.
Dunedin City Holdings Ltd chairman Denham Shale said the review of the stadium and the company running it, Dunedin Venues Management Ltd, would begin in earnest next week.
DCHL, the Dunedin City Council's holding company, had been asked by the council to undertake the review, and Mr Shale was in Dunedin this week to discuss details with fellow DCHL director Bill Baylis.
Work was expected to begin when Mr Shale met DVML corporate services manager Neville Frost in Dunedin next week.
It was not known how long the review would take, despite earlier indications it was expected to be completed by the end of this month.
Mr Shale hoped to present results to the council "as quickly as possible".
"The sooner that the guys at the stadium and also council understand the future road ... the better."
The review team would be doing "everything in our power" to make the stadium and DVML a success, and he was confident that could be achieved - although he would be "a mug" to say he was 100% certain.
"Obviously, it's a challenge, but we've been asked to do a job and we'd like to think we can," he said.
The review came after it was revealed last month DVML had recorded a $1.9 million loss for the first six months of the 2011-12 financial year, and was forecasting a full-year loss of $2.4 million.
The company was also anticipating losses totalling $3.3 million in the three financial years to 2015.
The bad news was followed days later by confirmation an $8.4 million budget blow-out and interest costs had pushed the final cost of the stadium to $224.4 million.
Mr Shale said the review would be wide enough to include financial, operational and other elements of DVML and the stadium, including the mix of community and commercially-driven events to be held at the venue.
The biggest issue to address would be ensuring the stadium "can be run as a first-class venue and that the company operate with its head above water", he said.
"There's got to be a way that that can happen. The question is going to be when we find the way, is it acceptable?"
Mr Shale agreed the stadium should have a "community aspect", following earlier comments by Dunedin Mayor Dave Cull that a rebalancing of its use to allow more small-scale community events could follow.
Mr Shale was asked if that meant the stadium continuing to run at a loss while providing a community good, or whether breaking even was the bottom line.
"I'd prefer the latter, but we'll have to see whether that's possible. That will be something we end up telling the council in due course.
"If we can't see that you can make a profit, then maybe it's got to be looked at."
Mr Shale said DVML's ability to meet revenue forecasts and debt-servicing costs "has obviously got to be part" of the review as well.
