Daily Archives: May 7, 2012

ODT: “the cupboard has been bare” [still is]

The most oblique of editorials, seemingly written without a business brain or any sense of economics. What do you do with a multimillion dollar debt-funded loss-making multipurpose RUGBY stadium? Let’s see, bring in the children? (the very ones saddled with the ongoing cost of DCC’s criminally damaging foresight, this grand vision of the future)…

### ODT Online Mon, 7 May 2012
Editorial: The stadium shake-up
Dunedin City Council’s decision to instigate a review of Forsyth Barr Stadium and the company tasked with running it, Dunedin Venues Management Ltd, is the correct one. The review, announced by Dunedin Mayor Dave Cull last week, was sparked by the resignation of DVML chief executive David Davies, who intends to leave the position in March after being appointed to the role in October 2009. Mr Cull has indicated the review will look at the financial, operating and governance models of the stadium and says it may result in changes for DVML and the role of its future chief executive. Much appears to depend on the findings of the Pricewaterhouse Coopers audit of stadium costs, as well as DVML’s six-month financial results, both of which are due to be made public later this month.
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Posted by Elizabeth Kerr

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