Daily Archives: February 28, 2012

Private sector funding for stadium always in doubt

What does CST’s Malcolm Farry say now, you have to ask.

### ODT Online Tue, 28 Feb 2012
Doubts over private sector funding for stadium
By David Loughrey
The future of “private sector funding” for the Forsyth Barr Stadium may be thrown into question by the shock announcement last night the Otago Rugby Football Union (ORFU) could fold by the end of the week. Dunedin Venues Management Ltd (DVML), the Dunedin City Council-owned company running the stadium, has sold season tickets on the expectation an Otago team would play at the stadium in the ITM Cup.
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### ODT Online Tue, 28 Feb 2012
DCC in queue of creditors
By Chris Morris
The Dunedin City Council seems set to join a queue of worried creditors after confirming it is owed more than $400,000 in unpaid rent by the Otago Rugby Football Union. However, any prospect of a last-minute bail-out by the council appears to have been ruled out, with council chief executive Paul Orders and Mayor Dave Cull last night in unison about there being no city council plans to save the union.

Mr Orders said the Otago union had a “proud history” and liquidation would “clearly” have implications for the Forsyth Barr Stadium, although the extent of these was as yet unclear.

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Posted by Elizabeth Kerr


Filed under Construction, CST, DCC, DVL, DVML, Economics, Hot air, People, Politics, Project management, Property, Site, Sport, Stadiums