Monthly Archives: June 2009

Thinly veiled attack?

Despite my differences and criticism of Jolyon Manning in the past, with his credentials I was looking forward to the Opinion piece in the ODT today.

That optimism lasted all of 1 paragraph, when of course the message was overshadowed with an attack on the Stadium Development.

But I was also under the assumption that this sort of forum was a platform to inform people, not to show how much you know. With the use of Malcom Latham’s “Our Kind of City” as a ‘must read’, it’s a heck of a shame that more emphasis wasn’t placed on explaining a little clearly what Latham was on about – many of us aren’t privy to this document.

That aside, I had difficulty with understanding what some of Manning’s criticisms actually are, or is it just another dig at the respective councils and the stadium decision. For instance, correctly he points to the decline of manufacturing to this city, while simultaneously praising and warning the growth of University. However it seems the only criticism that can be laid against the University is that it’s dependent on Central Government funding – and that’s a bad thing? Well yes it could be seen as such, but then what is the exporting manufacturing base dependent on, foreign currencies and foreign investment, and we’ve all seen how fickle these are over the last year. Borrowing sentimentality (which is often the want of Manning), there used to be a saying, nothing’s as secure as government money – and again the US could testify to this over the last year.

I feel that Manning is having difficulty with the changing role of Dunedin, a role that even 20 years ago many may not have foreseen.

“Projects must be developed within the financial resources of the community pursuant to a sound financial plan.”

Yes and No. Business is inherently risky, and often some of the greater risks reap some of the greatest rewards. I fear once again this is relying upon sentiment and a want for the way things were done, rather than any progressive forward thinking.

I do however agree whole heartedly that Dunedin needs to continue and/or develop and strengthen its linkages with the wider Otago region. But then that assumes some very basic ‘regional’ wide tied-to-location business models. Working in the industry that I am in, a strong economic development plan with the view to fostering business growth in Dunedin actually involves many foreign ties. Indeed one of the most successful local industries of late (film/television and multi-media development) just wouldn’t have been possible with the focus being very much on foreign markets. Yes Dunedin must engage the region, but that must then involve working towards a common goal of selling our wares to foreign markets.

I disagree that it’s unwise to expect the University to carry this city forward. Innovative thinking and new models of research and innovation can and must be at the forefront of the city and the University’s thinking. There has been much talk about evolving the University to a more research post graduate focus, the ‘elite’ University of New Zealand approach. This removes the reliance on Volume and provides very real and potentially lucrative revenue streams for the Uni and the city. To dismiss the future growth of the Uni outright is somewhat short sighted.

“And in any case, Dunedin needs to diversify its economy for social and cultural stability in the years ahead.”

Really, you don’t think this is happening now? Dunedin NOW and Dunedin 25 years ago, are possibly the most distantly related cousins one could imagine. Christchurch NOW and CHCH 25 years ago however are not different. Dunedin is evolving, and it seems that some are struggling with how this will play out in the future.

It is completely laughable to look at population growth post WWII as indicators as to how or what the city is achieving. Percentage increases in isolation are no indication whatsoever. Sure Tauranga has grown over 1000%, but then if you are starting from next to nothing any increase is going to be of a magnitude more fantastic looking. NO-ONE foresaw the massive immigration from Asia and the Pacific which has fuelled the growth in population of Auckland. AND NO the Auckland Super City model is nothing that Dunedin needs to look at, unless we are looking at it with incredibly sceptical and critical eyes. There are simply too many flaws in the model. If it was, Dunedin already is a Super City in this region, why haven’t we seen these growth patterns suggested with such a simplistic analysis. What has been the basis for these population growths, what were their starting points, and is population alone any indicator of economic health and well being? What is being achieved with said populations, is there real economic growth, or is it just population growth? To many unanswered assumptions painting a way too simplistic ‘paint-by-numbers’ economic portrait.

So I wasn’t surprised it started with a stadium rant – finished with a stadium jibe, but I was a little disappointed that the analysis and illumination of the so called ‘must read’ hand book was lacking. I’d question if at all we should be looking at said texts, surely the presumptions in which business is suggested to be fostered some 40 years ago are not what should be the foundations for apparently looking forward.

I fear the look ‘well forward’ sentiment is in words only, as I could only see looking ‘well backward’ as the basis for this article. And in the end, I fear it’s just another ‘look what I once knew, and oh yeah, that bloody stadium’.

For the full article read here at ODT

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Piles: Eight in, more than 500 to go

### Radio New Zealand News Updated at 7:40am on 28 June 2009
Construction work underway at Dunedin stadium site

Early construction works have begun at the site of Dunedin’s new stadium, a month after demolition works started.

Demolition will continue at the Awatea Street site for the next few months for the controversial $198 million enclosed stadium.

Many opponents claimed the ground at the new site would be boggy and unsuitable for construction on such a scale, but Carisbrook Stadium Trust development director Darren Burden says eight piles have been successfully drilled in.

Mr Burden says that gives the trust some confidence, though there are still more than 500 piles to go in.

It is hoped the stadium will be built in time for the 2011 Rugby World Cup.
Link

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Not reported are the piles that sank without trace…

See the post from Alex on Friday:

“I heard yesterday that there was surprise amongst engineers when they dropped some piles down on the site, they disappeared completely into the ground (sediment?).
And, that the cost has gone up, $35 million has ‘appeared’ on the cost, beyond what was calculated for interest and inflation.
Sorry I can’t back this up with facts guys …”

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Cr Michael Deaker on stadium

Crs Michael Deaker, Gerry Eckhoff, Bryan Scott re-confirm their opposition…

### ODT Online Sat, 27 Jun 2009
Stadium ‘most unnecessary project’
By Rebecca Fox

Otago regional councillor Michael Deaker has described Forsyth Barr Stadium as the most “unnecessary” project he has seen in 14 years of local government…”Worse still, it is irrelevant to our purposes.”
Read more

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Ouch, thanks Air NZ

Doesn’t bode well for Dunedin’s business development, or the stadium development…

### ODT Online Sat, 27 Jun 2009
Dunedin losing out to Queenstown
By Sarah Harvey and Felicity Wolfe

Queenstown, not Dunedin, is Air New Zealand’s gateway to Otago for tourists, its deputy chief executive, Norman Thompson, said yesterday.
Read more

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DCC on stadium

UPDATED

“A comprehensive response to all those who submitted on the Stadium, whether for or against, during the 2009/10 Community Plan process”

Response to LTCCP Stadium submitters 2009/10 (PDF, 88.3 kb)

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### ODT Online Sat, 27 Jun 2009
Council posts letter to submitters on stadium
By David Loughrey

The much debated letter to residents who presented submissions to the Dunedin City Council on the Forsyth Barr Stadium was sent yesterday.
Read more

More coverage in Monday’s ODT.

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Wait for the splash, and further insult to ratepayers…

• The Carisbrook Stadium Trust is launching its new brand for the stadium at a function on Thursday 2 July.

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Rugby Blues

### Radio New Zealand National 101FM Sun 28 June 2009
Sunday Morning with Chris Laidlaw
10:06 The Sunday Group: Rugby Blues

Seasonal congestion problems, the future of the tri-nations and SANZAR, player drain to Europe * these and other big issues facing rugby at the moment will be thrashed out by Chris Laidlaw and his panel of guests – former All Black Captain Sir Brian Lochore; Herald on Sunday sports editor Paul Lewis; and the Chairman of the Otago Rugby Union, former sports journalist and author, Ron Palenski.

Podcast

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The Sunday Morning webpage, radionz.co.nz/sunday, has further information and links regarding guests, discussions, books and music; as well as instructions on how to listen to the programme online and access archived audio from programmes dating back to January 2008.

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ORC headquarters

ORC is listening to the public, why not DCC with its stadium…

### ODT Online Fri, 26 Jun 2009
Editorial: ORC headquarters
Credit needs to be given to the Otago Regional Council for responding to public dismay about the spending of $31 million on new waterfront headquarters. The large amount of money for a building for 105 staff would have been hard to sell in the best of times.
Read more

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ODT says: While ratepayers do not expect the regional council, particularly because of its resource responsibilities, to be environmentally irresponsible, no other project of any substantial size in Dunedin has had to meet those [five-star green ratings] demands.

Don’t get me started on why we should be voluntarily [thanks Phil] aiming for 5 stars with every large or small building!!!!!!!!

Posted by Elizabeth Kerr

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First half decent dissent

farry grafitti-2

Sure I don’t agree with it, I think they are full of ****, but I do like the fact that someone has finally done something half visually engaging. I’m guessing it’s not from the usual sources within the StS, they’ve proved time and time again that graphic design and political dissent is not their forte.

I’ll leave it to you all to discuss the message, as of course they have no idea what they are talking about.

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UPDATED Game over – Cr Stevenson's apology

The councillor allegedly leaked a confidential letter in which the Dunedin City Council offered up social housing in return for government funding support to the stadium…

### ODT Online Thu, 25 Jun 2009
Stevenson apology finally accepted
By Chris Morris

Dunedin city councillors want new powers to police elected representatives who break the rules, following an end to the long-running saga over Cr Teresa Stevenson’s apology.
Read more

Cr Stevenson – Apology to DCC 22-6-09

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This has been very obvious, nothing like taking a rent free holiday as an elected councillor…

### ODT Online Fri, 26 Jun 2009
Stevenson late for council most often
By Chris Morris

A study of council minutes dating back nearly two years shows Cr Stevenson is the city’s tardiest councillor. She has arrived late, without a prior apology, for 25 council and committee meetings this term.
Read more

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ORC wises up on HQ + NEW option

UPDATED

A cheering note in tough times…

ORC has parked its plans for a waterfront office building at Dunedin.
Full coverage in ODT tomorrow.

ODT Online Wed, 24 Jun 2009
ORC waterfront plans ‘parked’
By Rebecca Fox

Otago Regional Councillors decided instead to investigate other options, before adopting a second version of the council’s long-term council community plan without the building proposal in it.
Read more

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ODT Online Wed, 24 Jun 2009
ORC building’s future in balance
By Rebecca Fox

An “interesting outcome” is promised from today’s Otago Regional Council meeting which will consider the future of its proposed $31 million waterfront office block and wharf redevelopment.
Read more

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### Radio New Zealand News Updated at 12:18pm on 24 June 2009
Otago Regional Council defers new HQ plans

Councillors voted 8 – 3 in favour of deferring the development at the corner of Kitchener and Birch Streets, when they adopted a long term council community plan on Wednesday.
Read more

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Weeks rather than months before the new option goes public…

### ODT Online Thu, 25 Jun 2009
ORC parks waterfront proposal
By Rebecca Fox

An “exciting” new option for the site of Otago Regional Council’s proposed office block had been suggested to councillors in the days leading up to yesterday’s decision to “park” its multimillion-dollar waterfront proposal.
Read more

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D Scene gets its information from?

### D Scene 24-6-09 (page 1 headlines)
‘Brook deal danger
“It now looks as though council is on hand to tit-feed all these others that are going belly up.”
Former city councillor Maurice Prendergast’s warning: p7

Plus: More details of DCC’s confidential Carisbrook deal revealed

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

(page 7)
Carisbrook deal: ‘Sets dangerous precedent’, critics say
‘Brook deal rumblings
By Ryan Keen
Former councillors are warning City Hall its Carisbrook deal – bailing out Otago rugby’s large debts – sets a dangerous precedent.
{continues}

Deal details (page 7)
Via official sources, further exclusive details of the deal – expected to be finalised next week – can be revealed:

– ORFU to pay back its $2 million DCC loan

– DCC takes possession of ORFU properties, $1 million of ORFU debt becomes DCC debt

– outstanding $4 million balance – which DCC will almost certainly borrow. Interest on this covered by rent ORFU pays DCC for leasing back Carisbrook

– as part of lease, ORFU continues to run venue, keep income earned and pay expenses; all income from Carisbrook pocketed by ORFU

– official possession date penned in is next Wednesday, July 1

Conditions for the deal to progress include:

– Awatea St stadium goes ahead

– venue hire agreement for new stadium inked between Carisbrook Stadium Trust and ORFU.

(page 7)
Harland’s price admission
Dunedin City Council boss Jim Harland admits Otago rugby’s large debts were a consideration when the price for Carisbrook was pinned down.

…“the primary income for the new stadium will depend on professional rugby and quality amateur games here”, Harland says.
{continues}

(page 12)
Scene says: Go the Harlanders
No doubt about it – your city council is in the rugby business.
{continues}

(page 13)
Carisbrook’s $10m swing deal
Maurice Prendergast argues the price tag seems to have more to do with ORFU’s $6 million of debts than land value.

In politics – as in war – the first casualty is often the truth. This is no better illustrated than by the astonishing revelation that we ratepayers will bail out an inept and blundering Otago Rugby Football union by settling their enormous debt in order that they may perpetuate their arrogant ways at a newfound albatross colony at Awatea St.
{continues}

(page14)
Your say: What Dunedin thinks
Carisbrook deal ‘putrefying affair’
By G MacDonald, St Kilda
A secret deal has seen $7 million of ratepayers’ money sucked up by the debt-ridden Otago Rugby Football Union. We have truly been done like a dog’s dinner.
{continues}

Get real, Richard, Clare
By Peter Attwooll
Otago rugby boss Richard Reid, with his refusal to discuss details of the $7m Carisbrook gift by the DCC to the ORFU says: “It’s no one’s business except the purchaser and vendor.” Wrong. It is the ratepayers’ – who are the purchasers – business because it is their money the ORFU has gained.
{continues}

Posted by Elizabeth Kerr

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What PricewaterhouseCoopers and Horwath HTL Ltd said

This post relates to the comment I posted early this morning at https://dunedinstadium.wordpress.com/2009/06/20/nzru-goes-for-10-team-affair/#comment-3410

Owing to what appears to be a damaged file at the DCC website, here are the reports from PriceWaterhouse Coopers and Horwath HTL Ltd direct from my computer archives.

In the earlier post I said:

For those who haven’t read the most recently published peer reviews by PriceWaterhouse Coopers and Horwath HTL Ltd on Otago stadium operationals and financials, refer to the following reports:

[PWC] Report – Council – 09/02/2009 (PDF, 7.1 mb)
Proposed Stadium at Awatea Street Attachment Two Part Two

ma_r_council_AwateaStAttach2-2 PWC 30-1-09

[DCC Link] http://www.dunedin.govt.nz/__data/assets/minutes_agenda/0003/52482/ma_r_council_AwateaStAttach2-2.pdf

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[HHTLL] Report – Council – 09/02/2009 (PDF, 3.1 mb)
Proposed Stadium at Awatea Street Attachment Two Part One

ma_r_council_AwateaStAttach2-1v2 Stakeholder+HorwathDec08

[DCC Link] http://www.dunedin.govt.nz/__data/assets/minutes_agenda/0019/52480/ma_r_council_AwateaStAttach2-1v2.pdf

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The power of world class facilities

Much of the derision heaped on the stadium development has been down to the so called ‘build and they will come’ syndrome. This apparently is a bad thing, to build wonderful facilities and actively plan for events to be held there.

We have seen where this has been a huge success, possibly none more visible than the world class rowing facilities near Tiwzel in the Mackenzie Country.

Now comes the wonderful news that Invercargill has won the right to host the 2012 world junior track cycling championships at the ILT Velodrome track built in Invercargill in 2005. Sure there were nay-sayers when the Velodrome was being built (these people seem to pervade all cities in this country), but there was also a heck of a lot of support for the facility. This facility was built with locals in mind, however it was always the intention to get big international competitions to the Velodrome.

While there are those in the wider Dunedin community who heap scorn on the stadium, it has been mooted time and time again, yes indeed if you build it, they (NEW events) will come. Well of course they aren’t guaranteed to come, but holding the likes of FIFA’s U20 Football World Cup (the 3rd or 4th largest sporting event in the world depending on what sources you use) in NZ across the 4 major new stadia is a heck of a lot more realistic possibility than would be if we had Athletic Park, Lancaster Park, Eden Park and Carisbrook.

There are too many examples globally of this phenomenon occurring to name here, but we need not look any further than Invercargill’s wonderful facilities. No it’s not a done deal that these things will come to the country/city, but as proven by Velodrome, if you don’t have the facilities you most certainly can’t aim to host them (well not in the car park at the Southland District Council offices anyway).

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Stadium: $261,000,000 and counting

Private sector funding now stands at close to $26 million.

### ODT Online Tue, 23 Jun 2009
Stadium to cost ratepayers $261m
By David Loughrey

Construction of the Forsyth Barr Stadium in Dunedin will cost ratepayers at least $261 million, updated figures confirm. The figure is the combined cost to be paid by the Dunedin City and Otago Regional councils, and comes after it was confirmed last week the city council had begun borrowing the $109 million it needs to fund the project.
Read more

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### ODT Online Tue, 23/06/2009 – 5:44am.
Comment by MikeStk on I beg to differ

I think one of the problems with figuring out what the stadium will end up costing us depends a lot on what you choose to include – a lot of what we’ve had quoted to us hasn’t been included in the numbers we’ve been fed by the city…
Read more

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City councillors plump for 7% rates increase

UPDATED

Channel 9 News

After long deliberations the Dunedin City Council has decided on a 7% annual rates increase.

Attracting some debate, the council has also accepted the Long Term Council Community Plan 2009/10 to 2018/19.

ODT will have full coverage tomorrow.

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ODT Online Tue, 23 Jun 2009
DCC lifts rates by 7%
By David Loughrey

Dunedin’s rates were finally set yesterday, with a 7% rise. Mayor Peter Chin told a short meeting for that purpose it was the end of a long process of “decisions, debate, deliberation and recommendation”.

The meeting also voted to proceed with a plan for changes to representation in the city, beginning a process to possibly put in place a new 11-councillor super ward, but not before another debate on the issue.
Read more

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Vice-Chancellor pronounces on stadium

But first he runs down Carisbrook…
He closes by calling those opposing the stadium “vitriolic”.
Mr Skegg, were you bought off too – what a socially irresponsible message to graduates and citizens alike.

### University of Otago Magazine, Issue 23: June 2009 (page 5)
Vice-Chancellor’s Comment
By David Skegg

For nearly three years, Dunedin has been torn apart by controversy about whether to replace Carisbrook with a multi-purpose covered stadium next to the University campus on Anzac Avenue. While some people with long memories feel an atavistic sense of loyalty for Carisbrook, anyone who has used the place recently knows that it has become embarrassingly outdated. Even to retain the present low level of use would have required an upgrade costing ratepayers tens of millions of dollars. The proposed new stadium offers many exciting opportunities, but the Dunedin City Council and the Otago Regional Council first had to decide whether such a community facility was affordable.

That decision has now been taken, and excavations have started to prepare for construction of a stadium that should be ready before the 2011 Rugby World Cup. The stadium will have many uses beyond rugby, or even other sporting events. Consider, for example, the opportunity for large concerts in a fully enclosed venue that will take New Zealand’s fickle weather out of the equation–with over 20,000 young people living nearby. This new campus stadium will be unique in New Zealand and, after Melbourne’s Telstra stadium, the second largest in the southern hemisphere.

The University will be a key partner in this development, constructing its own buildings as part of the stadium complex. The buildings will open on to an urban space to be known as the University Plaza. Our buildings will provide the campus centre for student fitness, health and recreation, as well as educational and research facilities. This plan replaces an earlier proposal for a large multi-purpose building to be squeezed into the existing campus, to provide accommodation urgently needed under our Critical Space Plan.

The new buildings and the public plaza should form a busy and attractive campus hub. The decision to build the stadium, however, carries a greater significance than any enhancements to our Dunedin campus. Successful research universities are virtually always based in, or near to, vibrant cities with strong economic activity. In the face of determined and vitriolic opposition, our political leaders have confirmed their ambition for the future of Dunedin as a vibrant university city.
Link

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Professional sport helps business disguise its lack of social conscience

### sstlive.co.nz Last updated 05:00 21/06/2009
Richard Boock: Professional sport has sold its soul
Richard Boock – Sunday Star Times

Respected journalist David Walsh made a comment the other day that’s worth considering. Relax, the comment won’t make much difference unless someone invents a time-machine but it deserves a moment of reflection, nonetheless. Walsh, whose investigations are best known for raising serious questions about the deeds of cyclist Lance Armstrong, took time out during a recent book promotion to slam the concept of professional sport and everything for which it stood.
Read more

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NZRU goes for "10-team affair"

Four teams from the current Air New Zealand Cup are facing the axe…

### stuff.co.nz Last updated 17:54 20/06/2009
Rugby Heaven
NZ domestic rugby structure decided
By Duncan Johnstone

New Zealand’s premier domestic rugby championship will be reduced to a 10-team affair with two divisions operating below it. The New Zealand Rugby Union announced the changes on Saturday after meeting with the provinces in Wellington.
Read more

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All Black WIN

ODT Online’s second live blog from the All Black-France series…

### ODT Online Sat, 20 Jun 2009
All Blacks beat France 14-10
By Hayden Meikle – Dunedin

ALL BLACKS WIN.
It’s 14-10 after 80 sodden minutes at the Cake Tin. A well-deserved win for the All Blacks. But the French take home the Dave Gallaher Trophy and the memory of that wonderful win at Carisbrook.
Read more

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All Blacks coach Wayne Smith afterwards: “we did just enough”…

### stuff.co.nz Last updated 19:38 20/06/2009
Rugby Heaven
All Blacks win in the wet
By Marc Hinton

Crisis averted. The All Blacks have avoided the dreaded sweep as they hit back tonight to claim the second rugby test against France with a much-improved effort in the Wellington wet.
Read more

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### ODT Online Sat, 20 Jun 2009
Rugby: Improved All Blacks win arm wrestle

The All Blacks won the second test but lost the silverware after prevailing 14-10 over France in a titanic rugby arm wrestle here tonight. NZPA
Read more
Slideshow

The All Blacks host Italy in Christchurch next Saturday while France plays Australia in Sydney.

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Confidence in DCC, joke…

### ODT Online Sat, 20 Jun 2009
Editorial: Subsidising rugby

Will the Dunedin City Council be able to surprise ratepayers and prove it negotiated a good deal in buying Carisbrook? Or will it emerge that the council has paid over the odds and granted largesse to the Otago Rugby Football Union?
Read more

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Stadium Lotto: $109 million to venues company

UPDATING

### ODT Online Sat, 20 Jun 2009
Stadium: council borrows $109m
By David Loughrey

The Dunedin City Council has begun borrowing $109 million to fund the Forsyth Barr Stadium, with $90 million of that figure locked in at an interest rate of 6.4%.
Read more

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### ODT Online Sat, 20/06/2009 – 11:24am.
Comment by Calvin Oaten on Stadium borrowing

Interesting that Athol Stephens says that investing $6.4 million at 6% for 20 years would realise $17.8 million. Correct, except that he forgets to mention that first he had to borrow the $6.4 million. Now, if that was borrowed from the same source as the $109 million at 6.4% then the end result would be negative $4.33 million. Not a good result, but on par with the likely outcome of the whole stadium package. It is seriously flawed, yet we repeatedly get told just how simple it all is. Just $66 per year per average ratepayer, “yeah right”.

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### ODT Online Sat, 20/06/2009 – 1:19pm.
Comment by Calvin Oaten on Dunedin City Council borrowing

“The Dunedin City Council has begun borrowing $109m to fund the Forsyth Barr Stadium, with $90m of that figure locked in at an interest rate of 6.4%.” This has already been done by DCHL before 31.12.08 as shown in their six monthly progress report.
Read more

Question: Which set of figures is closer to the true cost of the stadium project… Are the city council figures easy to understand???

### ODT Online Sat, 20/06/2009 – 4:29pm.
Comment by farsighted on Add another $128 million

We’re now at $342 million all up. Land purchases “Guaranteed Maximum Price”. Purchase of Carisbrook. Interest on DCC debt More to come – demolition costs of Carisbrook, interest on the ORC debt, SH realignment. That $400 million projection is now well within reach.
Read more

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Rugby support down in Christchurch

Venues such as Hamilton and Dunedin looming as major threats to Christchurch to host other Tests…

### TVNZ News Published: 9:00PM Friday June 19, 2009
Christchurch under threat as Test venue
Source: NZPA

Christchurch’s status as a host of major rugby Tests is under threat because of poor ticket sales ahead of next week’s fixture against Italy. About 12,000 tickets have been sold for the city’s only All Blacks Test of the year, less than half the capacity of AMI Stadium, which is currently undergoing reconstruction.
Read more

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31,000 tickets have been sold for the second Test against France at Westpac Stadium on Saturday – that’s 4,000 short of capacity but ahead of what was budgeted for.

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CST headhunting

### ODT Online Fri, 19 Jun 2009
Finding CEO could take 6 months
By Hamish McNeilly

It may take up to six months to fill the Carisbrook Stadium Trust chief executive position, but the delay was in large part to do with finding the right person for the job, chairman Malcolm Farry said.
Read more

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Carisbrook purchase by borrowing

UPDATED

### ODT Online Fri, 19 Jun 2009
Carisbrook difficult to value
By David Loughrey
It emerged this week [Carisbrook] will be sold to the Dunedin City Council in the next few weeks for $7 million, and while he was unwilling to confirm the figure, council finance and corporate support general manager Athol Stephens said yesterday the money would have to be borrowed.
Read more

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### ODT Online Fri, 19/06/2009 – 1:48pm.
Comment by russandbev on Life membership for Harland and Chin
Let’s just track what is going on here. The ORFU owe the City $2m and this is overdue for repayment. The ORFU also owe the BNZ something like $4m but it could be a little more. The ORFU run at a yearly loss. The DCC borrows $7m to give to the ORFU for a property that will not be used for its current purpose. The ORFU then give $2m of the borrowed money back to the DCC and $4m to the bank…
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Posted by Elizabeth Kerr

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More rash spending for 2011 RWC

UPDATED

### scoop.co.nz Thursday, 18 June 2009, 5:22 pm
Media Release
City Vision-Labour Councillors – Auckland City Council
For Immediate Release
Thursday 18 June 2009

C&R Afflicted With “Rugby World Cup-itis”

At today’s Auckland City Council meeting, the Citizens and Ratepayers (C&R) councillors voted for an $84.5 million dollar project on Queen’s Wharf which will host the public space activities for the Rugby World Cup 2011 (RWC 2011) described as ‘Party Central’ by the Prime Minister.
Read more

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### TVNZ News Published: 4:30PM Thursday June 18, 2009
Wharf development to cost ratepayers $84m
Source: Newstalk ZB/ONE News

Auckland City ratepayers will have to come up with $84 million to redevelop Queens Wharf. After lengthy debate on Thursday afternoon, councillors approved a plan that will include strengthening the wharf and turning two empty sheds into cruise liner terminals in time for the 2011 Rugby World Cup.
Read more

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### TVNZ News Published: 12:56PM Thursday June 11, 2009
Queens Wharf to be RWC ‘party central’
Source: ONE News

Auckland’s Queens Wharf will be used as ‘party central’ during the Rugby World Cup and could end up with a new cruise ship passenger terminal.
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Video Link (2:50)

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### ODT Online Fri, 19 Jun 2009
Funding dispute over Auckland waterfront plan

The day after Auckland City Council voted on a $84 million plan to revamp Queen’s Wharf for the 2011 Rugby World Cup a dispute is brewing over how it will be funded. Any decision about funding will have to be signed off by an board charged with overseeing Auckland’s transition to a single “super city”. NZPA
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### ODT Online Fri, 19 Jun 2009
ARC not keen on plans for Queen’s Wharf

Auckland Regional Council (ARC) chairman Mike Lee does not like the $84 million plan Auckland City Council voted on to revamp Queen’s Wharf for the 2011 Rugby World Cup. Mr Lee told Radio New Zealand that he visited the [wharf] sheds today and was under-whelmed.
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### Radio New Zealand National Friday, 19 June 2009 7:12 AM
Morning Report with Geoff Robinson and Sean Plunket
Uncertain future for Queens Wharf development

Joining Morning Report is Auckland City mayor John Banks.
Audio Link (Duration 3′54″)

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