Otago Community Trust

### Otago Community Trust 2009 Annual Report (page 2)

OCT 20-8-09 pic crop

Forsyth Barr Stadium at the University Plaza overlooking the Otago harbour, will be New Zealand’s largest indoor arena.

The Otago Community Trust has continued its long-held tradition of underpinning major community assets in Otago, and will provide $7 million towards the cost of construction of this new Stadium over the next two years.

Work has started and is on track for an August 2011 completion, planned to be ready for the 2011 Rugby World Cup – an opportunity to showcase the region to New Zealand and worldwide.

The new Stadium will be a multipurpose facility that can be used for a wide range of cultural, learning, community, business and sporting events. It will have capacity for over 30,000 in maximum event mode under one roof, and the flexibility to cater for smaller events.

Covered by a state-of-the-art roof, the purpose-built Stadium will protect everyone inside from the elements.

The University of Otago will become New Zealand’s first and only campus stadium, with new University buildings co-locating alongside the Stadium to house teaching, research and student services.

The net economic benefit to Otago and Dunedin was assessed at $24 million a year, bringing economic benefits through new jobs, attracting more visitors and students and retaining visitor spend within the region. Around 600 new jobs will be created during construction and 1,000 people will be employed for major events.

Forsyth Barr Stadium will be the focal point for major events south of the Waitaki.

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We’re reliably informed that the University of Otago is MORE THAN a “campus stadium”. A little editing of the OCT item required…

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### ODT Online Wed, 26 Aug 2009
Trust’s annual meeting more relaxed this year

The Otago Community Trust’s annual meeting last night was a subdued affair, despite a year when its investments were hit by the global financial crisis and it awarded its biggest grant – $7 million to the Forsyth Barr Stadium at the University Plaza.
Read more

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Filed under Economics, Hot air, Politics, Stadiums, What stadium

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