Trust expects to have spent $65m

The  Carisbrook Stadium Trust is expecting to have spent about $65 million by the end of the next financial year.

Trust chief executive Darren Burden said its cumulative expenditure through to June 30 next year, including this year's budget of $11.5 million, was anticipated to be about $65 million.

That would include all of the land purchases.

‘‘This means that the anticipated expenditure for July 1, 2008, to June 30, 2009, is in the order of $54 million.

‘‘The cash outflows are of course dependent on the programme.''

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