### ODT Friday, May 8, 2009 (page 10)
Stadium Funding processes ‘confusing’
By Rebecca Fox
The processes the Otago Regional Council has had to follow to part-fund the Awatea St stadium are confusing to many, director corporate services Wayne Scott says.
See ORC chief executive Graeme Martin’s report to Extraordinary Council Meeting 11/2/2009 which provides a précis of the council’s stadium decisions.
ORC’s stadium decisions
June 5, 2008:
Council decides to undertake, subject to nine conditions, the proposed new activity of part-funding the Awatea St stadium and recommend a revenue policy.
June 25, 2008:
Sets February 2, 2009, as deadline for it to be provided with evidence of a tender for the stadium for a guaranteed maximum price of not more than $165.4 million.
February 11, 2009:
Council resolves to confirm part-funding of stadium subject to eight conditions including an assurance private sector capital funding shortfall of $15 million be met.
March 9, 2009:
Council satisfied condition 5 – assurance of government funding of $15 million – had been met and resolved for the draft long-term council community plan 2009-19 to incorporate funding of proposed stadium.