Ratepayers contributions to the $188 million Awatea St
stadium could be slashed by almost $37 million if Port
Otago's contentious 15.5% stake in rival Lyttelton Port
Company (LPC) was sold.
Two or three undecided Otago regional councillors
appear to hold the fate of the Awatea St stadium in their
hands as the council meets today to vote on funding the
The Carisbrook Stadium Trust faces the task of raising $52
million in funding from the private sector, not the original
$45 million, if predictions only 53 per cent of the money
will be received before 2011 are accurate.
Another Otago academic has weighed into the
debate on the final cost of the Awatea St stadium, coming up
with a new figure for the stadium of close to $214 million.
The role of the Carisbrook
Stadium Trust in the Awatea St stadium has been "thrown into
confusion", a senior lecturer at the University of Otago
Carisbrook Trust chairman Malcolm Farry says reports of the
Awatea St, Dunedin, stadium costs blowing out to $400 million
were "utter nonsense".
Not one Otago regional councillor has come out against the
Awatea St stadium, but most say they want to finish
consultation before forming a view on the project.
The Otago Rugby Football Union (ORFU) has been given another
extension to pay a $2 million loan to the Dunedin City
Council, an Official Information Act request has revealed.
Council chairman Stephen Cairns "philosophically" believes
the Awatea St stadium could be of long-term benefit to the
region, but wonders where its supporters are.
Hearing opposition to the Otago Regional Council's proposal
to put $37.5 million towards the Awatea St stadium was a
"sobering" experience, Carisbrook Stadium Trust chairman
Malcolm Farry said.
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