The sale of Carisbrook to construction company Calder
Stewart has been confirmed, but details of its future remain
The Dunedin City Council yesterday confirmed its agreement
with the company to buy the old sports ground - first
announced in February - went unconditional yesterday.
That meant the company, not the council, now owned the
Dunedin Mayor Dave Cull, in a statement yesterday, welcomed
''Carisbrook has been an ongoing liability to council and
it's good to get it sold.''
However, what would happen at the site, other than an
unspecified industrial development, remained unclear.
Calder Stewart has declined to discuss its plans, and the
company's joint managing director, Alan Stewart, said in
yesterday's statement only that was he was pleased to reach a
''satisfactory outcome for all parties''.
The company has obtained consent to demolish all grandstands
- including the hospitality complex - at the site, leaving
only the category one-listed Neville St turnstile building.
The turnstile, and the surrounding 400sq m of land, had been
given back to the council at no cost, except for ''minimal''
surveying costs, Mr Cull said.
That recognised the turnstile building's historic
significance and could allow the development of a ''pocket
park'', he said.
Yesterday's deal would also see Calder Stewart pay $3.5
million for the site, not the $3.3 million earlier announced.
The company would be refunded $200,000 as long as all
buildings - except the hospitality complex - were demolished
within six months, Mr Cull said.
Mr Cull and council chief executive Paul Orders declined to
comment further, but the council planned to release further
information next week.
That could shed more light on the council's loss on the deal
since buying the ground - and surrounding properties - from
the Otago Rugby Football Union for $7 million in 2009.
There were suggestions the council's total loss could be up
to $4 million, if an earlier $2 million loan from the council
to the ORFU was included.
The 1997 loan was repaid only by the ORFU using its proceeds
from the sale of Carisbrook to the council.
Mr Cull said in yesterday's statement there was a shortage of
industrial land in Dunedin.
''It is hoped the deal will lead to opportunities for
investment and economic growth and help revitalise that part
of South Dunedin.''