Daily Archives: February 9, 2011

DCC and DCHL, was there ever any doubt?

### ODT Online Wed, 9 Feb 2011
Stadium debt may constrict DCC companies
By David Loughrey
The effects of servicing the debt being raised to pay for the Forsyth Barr Stadium is beginning to bite, with warnings Dunedin City Council-owned companies may struggle to take advantage of business opportunities that come their way. But amid the warnings came a reminder the period of tight financial times ahead was “spelled out in black and white” when decisions on the project were made.
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DVML commercial manager Guy Hedderwick said last night Delta still had a corporate suite at the stadium.

### ODT Online Wed, 9 Feb 2011
Delta pulls out of seating package
By David Loughrey
Delta Utilities has pulled the plug on a $100,000 seating package at the Forsyth Barr Stadium in Dunedin, a matter described as being the result of actions of an “overzealous” executive. The withdrawal from the package meant a loss of projected income for the company running the stadium, Dunedin Venues Management Ltd (DVML), of $100,000 over a 10-year period.
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Posted by Elizabeth Kerr

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Filed under Construction, Economics, Politics, Project management, Stadiums