DCC stadium debt: 23 years, not 40

### ch9.co.nz May 17, 2012 – 5:55pm
Council votes to pay Stadium debt faster
$104 million of Dunedin’s stadium debt is set to be paid off far more quickly, following a decision at the city council today. At annual plan deliberations, the council voted to pay the money over 23 years, instead of 40.

Posted by Elizabeth Kerr


Filed under Business, DCC, Economics, Media, Politics, Project management, Property, Site, Sport, Stadiums

21 responses to “DCC stadium debt: 23 years, not 40

  1. Anonymous

    Clarification: stadium debt now 23 years, not 20.

  2. Peter

    Though 23 years is better than 40-so this is good news-but I wonder why they added the extra three years on from the originally proposed 20 years.

  3. Hype O'Thermia

    What, ask a question instead of politely accepting whatever they’re told?

  4. Anonymous

    The stadium along with other non-essential projects the Stadium Councillors, Harland, Chin & Co have been involved in have been about lining pockets of the Stakeholders. The stadium itself was a by-product only. The darker side of it has been the manufacture of massive, unsustainable debt. And that debt enables a long-term agenda: The sell-off of city assets.

    Ever wondered why the government hasn’t appeared too concerned when the issues hit highest level? Because they’re doing it too.

    ‘The Government expects to pay contractors about $120 million to help sell its controversial asset sales plan message. Finance Minister Bill English confirmed the spend would total “around 2 per cent” of the proceeds from the partial sale of selected state assets – up to $7 billion. The costs were for advertising, PR, legal, banking, call centres and other administrative charges.’ – http://www.stuff.co.nz/national/politics/6953031/Assets-selloff-to-cost-120m

    This is the same rort. First you line the pockets of a select few “consultant groups” and “administrative costs” making tens of millions and then when the deal’s done, help your mates Hoover up the assets, ensure the lion’s share goes to the banks, sit on a few yourself and sell them for a premium at a suitable time making many more millions.

    For most of these evil bastards it’s just about getting another rung up the Rich List so you can sit a little closer to that next greedy bastard, nothing more than a chance to piss in Farry’s bucket or move away from Dunedin to a place like Queenstown or Wanaka.

    This is what was made possible in Dunedin. This is what is being done to New Zealanders. And soon asset sales (aka. asset stripping) for “moms and pops” (aka yeah, right) will be on the agenda with all the usual stakeholders lining up.

    The only people who actually believe that is a conspiracy are those who are involved in it. Or the marketing company behind it. Why, heck, you’ve even got all the same actors – Dave Cull as John Key looking at a second term, and Syd Brown as Bill English.

  5. Anonymous

    Corrupt government.
    Corrupt council.
    As if the Dunedin City Council needed any more of a nudge.


  6. Calvin Oaten

    Horror story of the week!! Rumour from an impeccable source tells me that ‘Jim Harland’ is applying for the CEO position at the ORC. Could the ORC council appoint that ‘dunderhead’? Watch this space.

    • Elizabeth

      The prostadia ORC councillors don’t strike me as very bright. It’s possible Harland would have a go at the chieftainship in his mind, but he also knows why (on which grounds) he left DCC, and that knowledge is certainly shared out and about the local government circles. How the stadium project washup is reported these next months will be interesting ?

      Suggest a letter or three from all of us to the Chairman of ORC Cc Councillors saying why we have reservations about an applicant / potential applicant. Only takes a couple of paragraphs. Keep a dated copy for your own files.

  7. Hype O'Thermia

    I wonder what would happen if there was a Harland – NO! pre-emptive demo?

  8. Phil

    Maybe it’s payback by the DCC for the ORC dumping Tony Avery on them ?

  9. Anonymous

    Unrelated but newsworthy, especially for its lack of publicity here. Apparently Fairfax has laid off staff at its Invercargill office on Friday and its Southland Times newspaper will now be printed at rival Otago Daily Times. There appears to be little information available except for these low key stories from March. I’m not sure how this will effect quality of service but now any fault at Allied Press will impact on two daily newspapers.

    http://www.stuff.co.nz/southland-times/business/6619103/Print-plant-to-close (includes comments)

    • Elizabeth

      See the Business section in today’s ORT (page 18) – photo and caption, ‘Hot off the press’:

      “Editions of the Southland Times rolled off the press at Allied Press in Dunedin for the first time last night…”

      Allied Press prints a number of independent newspapers (broadsheet) and community papers (tabloid), besides its own.

  10. Elizabeth

    ### ch9.co.nz May 23, 2012 – 6:51pm
    Word on the street
    Your word on whether you would prefer to pay your entire Forsyth Barr Stadium rating contribution in one lump sum?

  11. Hype O'Thermia

    Oh dear, Bill’s had another bout of altitude sickness – too high for his own good.

  12. Anonymous

    Am I reading that ODT post right. Is Alan duc de Waitaki actually suggesting that stadium councillor Bill Acklin being a former “Rock and Roller” makes it okay to drink and drive?


    Interesting wee reminder by Digger how the ODT appeared to overlook the previous conviction as it coincided with an election that necessitated the Stadium Councillors to be in power to ensure the interests of Stakeholders were not interrupted.

  13. Hype O'Thermia

    It’s a mini-me Bezett tribute bang.

  14. ormk

    There’s a comment from TooM talking about modern car designs and 3 glasses of wine being fine! This kind of thinking and morality is par for the course for stadium councillors and their supporters.

    I can’t see how a councillor can stay in office in these circumstances. 1 drink driving conviction is bad enough but 2?

  15. Hype O'Thermia

    I agree with TooM. Drink-driving is the present-day equivalent of “Reefer Madness” hysteria. I strongly suspect the statistics are beefed up by alcohol – any alcohol – in the system of anyone who has a vehicle accident being counted into the “accidents CAUSED BY alcohol” where it may have nothing to do with the driving error that caused the prang.
    However the law is the law and a smart person in public office knows that whether it is reasonable or not, it must be obeyed. Acklin has demonstrated in innumerable ways that he is not smart, this is just another. If this is enough to persuade people not to vote for him again I’m pragmatic enough to be thankful for the “Alcohol Madness” fervour.

  16. ormk

    Driving tests clearly show impairment following alcohol consumption. Accident rates are demonstrably lower by making drink driving illegal. By drink driving you are forcing an unwarranted risk on others and so it is immoral. This has been agreed by society and that is the reason it is enshrined in law. You might think you have a great car and are a great driver so therefore safer than an 18 year old in an old car. This is beside the point. You are still imposing an increased risk that has been deemed unacceptable. Just use a taxi.

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