No mention of survey or shaky funds for stadium

Answering city councillors' questions about the Otago Stadium are Carisbrook Stadium Trust...
Answering city councillors' questions about the Otago Stadium are Carisbrook Stadium Trust commercial manager Guy Hedderwick (left) and chief executive Ewan Soper. Photo by Craig Baxter.
The Otago Stadium Trust has been left reeling after a week of bad news, but some of the most damaging issues were not discussed at Dunedin City Council committee meeting yesterday.

Early results of a survey released last week indicated 73.3% of respondents did not support public funding of the project.

Later in the week, a report to the finance and strategy committee revealed the Otago Rugby Football Union wanted to make a surplus from selling Carisbrook to the Carisbrook Stadium Trust, despite the possibility of the union benefiting from a new, and largely ratepayer-funded, facility.

This week, a major funding stream for the stadium started to look shaky, after international economic turmoil wiped $18 million from the value of the Community Trust of Otago's (CTOO) overseas investments, calling into doubt $10 million of funding.

But while negotiations between the council and the ORFU were briefly aired, there was no mention of the survey, or the CTOO funding.

Cr Kate Wilson, who did ask a series of questions, said last night there was no final decision on those issues, or a final outcome of the survey.

Because of the lack of final answers, she did not think there was "a discussion to be had today".

Cr Colin Weatherall said he did not want to receive the information days before a final decision had to be made in early February.

Asked how the mood was within the council about the stadium, he said: "There's a degree of tension building, there's no question about that."

The financial crisis was "an absolutely huge hammer that no-one knew would come into the middle of the matter".

Stop the Stadium president Bev Butler, who attended the meeting, said last night she was surprised the survey was not discussed, and she believed it was "quite clear" CTOO and private-sector funding would not be found.

"It looks like a pretty dismal position."

At the meeting, stadium trust chief executive Ewan Soper was asked by Cr Weatherall about a plan to use a polycarbonate material in some areas where ethylene tetrafluoroethylene (ETFE) roofing was to have been used.

Council chief executive Jim Harland answered, and told Cr Weatherall architects were considering the change.

The material was less attractive, but cheaper.

It would save $250,000, not affect grass growth, and had a 20-year service life.

Mr Soper said the idea of a "Roaring 40s" club had been dropped, but had not been included in revenue tallies, and was "just an idea".

Cr Chris Staynes asked about a Horwath HTL review of operational projections, which was due to have been completed last week, and said it would be "terrible if we were being briefed at the end of January".

Mr Soper said the report had arrived yesterday morning, and he was waiting for a Price Waterhouse Coopers report, due early next weekMr Harland said the trust chief executives, the council and the Otago Regional Council would meet today to discuss a timetable for the information to be released to councillors.

Chairman Richard Walls said reviews were "constantly on-going".

Answering questions from councillors, Mr Soper said a turf farm for growing grass to repair damage had not been considered yet by the trust, nor had the effect of changes to the Dunedin Centre, which would be a competing venue for conferences.

The meeting voted to note the report.

david.loughrey@odt.co.nz

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