Model of the proposed Awatea St stadium. Photo by Peter
McIntosh.
A fully roofed large public stadium, able to cater for a
range of entertainment and sporting events, has been so long a
desirable entity for Dunedin that the case for one is
unarguable.
That the wish has never become a realisable prospect until
the 21st century suggests a considerable complacency and
inertia attends our civic desires.
Complacency, and indeed inertia, have connotations of the
negativity that has dominated the debate about the Awatea St
proposal.
This is not the appropriate place to define in detail where
things might have been done better in the presentation to the
public of the case for the stadium, or in the presentation of
the case against it from the opponents.
Hindsight, as we all know, is a wonderful thing. But what is
needed now, as the Dunedin City Council moves towards
finality on the matter, is not hindsight but foresight.
Much has been made by both sides of the result of the last
local body elections. Stadium proponents claim the outcome
showed the majority of voting citizens favoured candidates
who backed the project.
Stadium opponents claim it has so changed that a new
referendum is required, and confidently predict a negative
result were that to happen. But what, exactly, is the
relationship between an elected council and its citizens? It
is a bargain, struck by consent, involving the core question
of risk.
We invite the people we elect to take risks on our behalf to
secure the continuing management of the communal facilities
of the city, improve and modernise services where the need
exists, and advance the city's progress, without which we
would all still be using horses and carts and reading by
candlelight.
And the measure of that risk is the level of annual cost we
all share and which each of us is communally obliged to make
(notwithstanding the futility of a "rates boycott").
Those whom we most recently elected to the city council (and
we include in the bargain the Otago Regional Council) are
proposing a degree of risk across many projects in the next
10 or 20 years which is with good reason scaring quite a few
ratepayers and potential ratepayers.
In this regard, prudent consideration may be given of last
August's Standard and Poor's risk outlook for the city
council of "AA- long-term" and "A-1+ short-term", described
as "stable", and which included the proposed stadium, and
other projects in the council's long-term plans.
These ratings, we were assured, reflected well on the
council's "strong management" and its record of fiscal
discipline. They included the expectation that council debt
would continue to increase in the short-to-medium term,
rather than peak and then decline. The expectation was that
the council would maintain its "strong" financial position.
This report card implied the "risk" bargain is not the great
gamble some quarters are suggesting. But the assessment was
necessarily narrow, taking little or no account of the
ability over 20 years of ratepayers to meet not just their
share of the stadium's capital impost, but the full range of
other planned projects.
In good times, with full employment, all should be
manageable, but the boom years are over for the time being
and the recession, with unemployment predicted to reach 10%,
is with us; coping with it must perforce be every
householder's priority and every business owner's worry.
It becomes part of the risk bargain, therefore, to consider
whether the council and the ORC are - like so many households
and businesses today - over-committed; whether the councils'
acceptance of risk is too far out of kilter with their
owners'.
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