Monthly Archives: February 2009

Sorry saga of cost overruns, Kerr

### interest.co.nz February 11, 2009
Opinion: Don’t subsidise stadia or events without referenda
By Roger Kerr
Stadiums and events involving central and local governments are often controversial. The redevelopment of Carisbrook is a case in point.
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This piece by Roger Kerr first appeared in the Otago Daily Times, August 11, 2006. Roger Kerr (rkerr@nzbr.org.nz) is the executive director of the New Zealand Business Roundtable.

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www.interest.co.nz is the market-leading resource for interest-rate comparatives in New Zealand. It is the only truly comprehensive source of all interest rates, and is updated many times each day. It is a service by JDJL Limited of Auckland who publish a number of titles on the web.

This service was established in 1999 and has grown to be a key source of research on banks and other financial institutions that provide both lending and deposit products to the New Zealand market. Behind this live-and-free on-line resource are extensive databases, and a market intelligence service that supports many clients. JDJL is completely independent of every financial institution and adviser group in the market. David Chaston directs a number of professional analysts, who generate a range of research, as well as institutional and media rate feeds.
Bernard Hickey, Managing Editor, interest.co.nz

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See comment by Peter Entwisle at SkyscraperCity on the funding of Wellington’s Westpac Stadium (The Cake Tin) compared to the proposed Otago stadium.

Posted by Elizabeth Kerr

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Filed under Architecture, Economics, Geography, Hot air, Media, Name, Other, Politics, Stadiums, Town planning

Income model isn't fair, Highlanders

### Waikato Times Friday, 27 February 2009
By Marc Hinton – Rugby Heaven

Highlanders boss Richard Reid believes the current Super 14 income system is unfair and has called on the NZRU to come up with a more equitable model.

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Filed under Economics, Geography, Inspiration, Media, Name, Other, Politics, Stadiums

StS appeal 'lost in post'

### ODT Fri, 27 Feb 2009
Land rezone appeal appears lost in post
By Mark Price

An appeal against the Dunedin City Council’s plan to rezone land in Awatea St for a new stadium appears to have been lost in the post.

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Filed under Media, Name, Other, Politics, Site, Stadiums, STS, Town planning

Stadium Feasibility & Peer Review

Horwath HTL – Update of Financial Feasibility Projections, Summary Report (December 2008), pages 94-118
in
Report – Council – 09/02/2009 (PDF, 3.1MB)
Proposed Stadium at Awatea Street Attachment Two Part One.

PriceWaterhouseCoopers – Peer Review of the Proposed New Otago Stadium Forecasts (30 January 2009), pages 1-14
in
Report – Council – 09/02/2009 (PDF, 7.1MB)
Proposed Stadium at Awatea Street Attachment Two Part Two.

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Older reports, peer reviews and project cost reviews at:
http://test.stopthestadium.org.nz/index.php/submissions-and-reports/

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Rates Revolt- Words of Wisdom

Letter to Editor (yes another) Cyril Gilfedder, former Registrar High Court.

To clarify what I have already said about the rates revolt (it would be terrible if this was a poorly researched site eh Calvin).

“If payment is delayed until the last day for payment, then it may have a minor impact on council cash flow. If so, council borrows and ratepayers pay. If payment is delayed until after due date, legislation provides that the ratepayer is liable for penalties and, depending when paid, debt collection with court costs, solicitors fees, judgement, interest, publication in the Mercantile Gazette, loss of credit worthiness and, if one wants to be absolutely stupid, the sale of the property…

To be successful with any appeal, the appellant needs to have good grounds. Appeals cost heaps of money and the loser pays. Here we have ratepayers vs ratepayers. So who wins? the only winners are consultants and lawyers.”

Not a lot to be said about it, other than heed the advice from someone who has seen a lot in the courts system, and realise that dear leader isn’t even partaking in the rates revolt – now I wonder why?

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Plunket, 'Appeal will be withdrawn immediately'

### D Scene 25-2-09 (page 5)
And then there was one

Dunedin’s proposed $188 million stadium is about to dodge one of the two Environment Court appeals lodged against it this month. Chalmers Properties Ltd have lodged an appeal to the Environment Court through its Auckland-based lawyers. The appeal relates to a Dunedin City Council-initiated arterial route making way for the Awatea St stadium. However, Port Otago chief executive Geoff Plunket says the appeal will be withdrawn immediately.
{story continues}

Register to read D Scene online at http://fairfaxmedia.newspaperdirect.com/

### D Scene 25-2-09 (page 5)
‘A plan change appeal won’t hold up demolition work’ – Trust
Stadium start regardless

By Michelle Sutton

Opponents’ hopes that court appeals will stall work on Dunedin’s controversial megabucks stadium will come crashing down in June. Demolition work at the site will start regardless, according to the Carisbrook Stadium Trust.
{story continues}

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Remember this…

Rare Once in a Lifetime Gift for Future Generations

A world class, fully enclosed, boutique stadium is the vision we are asking the region to embrace. Of all of the options this has the highest price tag, but it is also the best long-term and fiscally robust option.

### Read more at Our Stadium Link

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