Daily Archives: March 19, 2011

‘Forsyth Barr Stadium Base Building Further Requirements’

Incompetence by another name, actually, ‘Carisbrook Stadium Charitable Trust Exclusions’.

Davis Langdon was asked to review progress made by the trust, and it was the reviewer’s report that first coined the term “exclusions” to describe what was considered to have been missed from the project’s planning. The exclusions included a kitchen fit-out, broadcasting facilities, electronic turnstiles, score boards and replay screens. -ODT

Dunedin City Council’s finance, strategy and development committee met on Monday 14 March.

How they voted
There were several votes at the non-public meeting. For the substantive vote, that the committee recommend the council approve additional borrowing of up to $5.15 million to fund capital expenditure for the stadium, Crs Bill Acklin, John Bezett, Syd Brown, Neil Collins, Paul Hudson, Chris Staynes, Richard Thompson and Mayor Dave Cull voted for, while Crs Fliss Butcher, Jinty MacTavish, Teresa Stevenson, Lee Vandervis and Kate Wilson voted against. Cr Andrew Noone had left the meeting, and Cr Colin Weatherall apologised for non-attendance. -ODT

### ODT Online Sat, 19 Mar 2011
How $5.1m worth of ‘exclusions’ became included
By David Loughrey
Construction at Dunedin’s Forsyth Barr Stadium may be rapidly reaching a conclusion, but in the shadow of the structure, the financial debate and the entrenched political tensions, continue. Dunedin City Council reporter David Loughrey explores why an extra $5.1 million funding was granted for the stadium this week, and finds some differing views.
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### ODT Online Sat, 19 Mar 2011
Editorial: Drilling into the debt mountain
Amid the bickering and sabre-rattling, some clarity is beginning to emerge on the true extent of the impost Forsyth Barr Stadium funding is imposing on Dunedin city debt levels. Part of that funding – $5 million annually, to be precise – is supposed to come from dividends yielded by the council’s various companies, under the umbrella of Dunedin City Holdings Ltd.
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More blither from people who don’t know how to fundraise, oh that’s DCC…

### ODT Online Sat, 19 Mar 2011
Trusts to be targeted again
By David Loughrey
Charitable trusts can expect another round of requests for funding for the Forsyth Barr Stadium, following a Dunedin City Council decision earlier this week. The decision came after a report to the finance, strategy and development committee that showed 16 trusts had been asked for money in the last few years, and four had come up with $7.9 million.
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Posted by Elizabeth Kerr

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