The Dunedin City Council is still waiting to confirm land purchases. Carisbrook Stadium Trust has been buying up some of the ‘necessary’ land – oh, and there is an agreement in place “for the trust to sell it to the council at the price at which it was purchased”. So wait a minute, DCC funds CST to buy the land, then has to buy it back from CST?
Surely, I have made a mistake? Although, I’m not the kind of person who would ever understand high finance. Small question: WHO is clipping the ticket here, and for what profits? The ‘good’ burghers of Dunedin – the very tight few – have some extraordinary explaining to do. That rhymes.
The ‘few’ names are apparent via the New Zealand Companies Office register.
### ODT Online Wed, 24 Feb 2010
Construction due to start on bridge
By Mark Price
Construction work is ready to begin in the next few days on the new bridge over the Water of Leith that will carry State Highway 88 past the new Forsyth Barr Stadium. Dunedin City Council general manager city environment Tony Avery said yesterday the first step would be to drive piles for the bridge.
Post by Elizabeth Kerr