'Satisfactory' outcome from stadium meetings

The Carisbrook Stadium Trust's push to raise private funding for the Awatea St stadium had passed the $14 million mark, trust chairman Malcolm Farry said yesterday.

Visits to Invercargill and Queenstown to sell seating packages, and one-on-one meetings with people in Gore, had been "satisfactory", he said.

It was too early to say how much had been raised, but the tally was more than the $13 million figure quoted in late April.

Not all the money will go to capital spending, as some will be used for operational funding.

He said he was not disappointed by numbers at meetings in the regions.

"From the trust's point of view, I would have considered the numbers in Invercargill and Gore to be what we would have expected. People don't tend to want to go to public meetings."

The Invercargill meeting had a late venue change after 35 people registered - the Southland Chamber of Commerce had hoped for 250.

About 50 people attended in Queenstown.

Mr Farry said there was nothing he was able to report about commercial sponsorship, but the sale of 10-year seating packages was "progressing satisfactorily".

Two groups had bought 100 each, and others were buying lots of 10 to 12.

Asked how reported increases in the price of steel would affect the stadium - the issue was raised at recent council annual plan hearings - he said the trust was well aware of increases in the price of both steel and concrete.

"They have been anticipated, are factored in, and we have a significant escalation budget."

 

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