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Showing posts with label Stadium. Show all posts
Showing posts with label Stadium. Show all posts

Saturday, January 25, 2014

Frank Newman: Stadiums and pet projects


The Otago City Council has during this last week faced up to something that has been blindingly obvious to most ratepayers for many years – Council’s fancy $230 million covered stadium will forever be a black hole that eats ratepayer money.

In a report to the Dunedin City Council the Council’s CEO said the operating deficits of the last two years were going to get worse. No international rugby tests are expected to be held at the Forsyth Bar Stadium in the coming year and major events are not returning after previous shows failed to attract worthwhile crowds. Quite simply, there are not enough people in Dunedin to sustain the level of activity the stadium requires to come close to being viable.