Private sector funding tops $38 million

Seating in place in the north stand.
Seating in place in the north stand.
The university building from the north.
The university building from the north.
The stadium, pictured from the Otago harbour side of the project.
The stadium, pictured from the Otago harbour side of the project.
The new State Highway 88 road bridge over the Water of Leith, with railway wagons crossing the...
The new State Highway 88 road bridge over the Water of Leith, with railway wagons crossing the railway bridge behind.
Work on State Highway 88.
Work on State Highway 88.
Work is under way on the University of Otago's Oamaru stone-clad building, on the Logan Park side...
Work is under way on the University of Otago's Oamaru stone-clad building, on the Logan Park side of the stadium.
The stadium and university building, pictured from the Leith.
The stadium and university building, pictured from the Leith.
Work is under way on the University of Otago's Oamaru stone-clad building, on the Logan Park side...
Work is under way on the University of Otago's Oamaru stone-clad building, on the Logan Park side of the stadium.

Private sector funding for the Forsyth Barr Stadium, being raised though the sale of seating packages and sponsorship, reached $38.1 million by the end of last year, the latest report on the project says.

The sales bring Dunedin Venues Management Ltd closer to its target of $45.5 million, and the total $54.2 million value of the products.

Commercial manager Guy Hedderwick said December sales were forecast at $225,000, but had reached $471,000 by the end of that month.

The average daily workforce at the site had dropped to about 150, and that number was expected to be the average through most of this year.

The installation of the ethylene tetrafluoroethylene (ETFE) material was mostly complete, and work on the plaza in front of the stadium was expected to begin in May.

The stadium had 135 visitors during three weeks in December, and that number was expected to increase this year as the completion of the project drew closer.

 

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