Daily Archives: October 25, 2012

Dunedin Venues Limited – 2012 Annual Report now 2 months overdue

UPDATED POST 26.10.12 at 1:46 am

JimmyJones at ODT Online today mentioned this timing anomaly. DVL is late with its 2012 annual report. We all know how steep the numbers will be and just approximately, how decimating!

We don’t hold out any hopes for DVL.

● DVL 6-monthly result, $5.2 million loss.

● DVML (with the same board as DVL) annual result, $1.9 million loss.

● DCHL annual result, $5m loss for the group.

Dunedin City Council, the companies’ owner, persists in keeping public eyes away from the true state of the books, and the activities and wrongdoings that have led to gross mismanagement of council finances.

Fudging, obfuscation, corruption, fraudulence, lack of transparency and accountability – this is your council. Breaching its own prudential limits…

It keeps coming… (sample)
26.7.12 Cull’s council thinks $750,000pa to DVML represents good value?
30.8.12 DCC seen by Fairfax Business Bureau deputy editor Tim Hunter
11.9.12 Delta Utility Services Ltd

Denham Shale, Bill Baylis and Co have been hired to make it all go away.

Then, ah-ha! There’s our man Slippery aka Warren Larsen, who authored the report to salve DCC’s conscience and not much else.

Governance = ineptitude, manipulation and lots and lots of crime…

Posted by Elizabeth Kerr

8 Comments

Filed under Business, DCC, DCHL, DVL, DVML, Economics, Media, Name, People, Politics, Project management, Property, Site, Sport, Stadiums

Council bid lacks cost/benefit analysis: Fifa under-20 World Cup 2015

Interesting. DCC and DVML aren’t sharing information on the cup bid. General manager Sue Bidrose looks like a fool again (perhaps she is), and Darren is Darren. Nevertheless, all councillors are responsible for the lack of a full cost/benefit analysis.

### ODT Online Thu, 25 Oct 2012
Code clash with cash implications
By Chris Morris
The Highlanders could be kicked for touch, and the company running the Forsyth Barr Stadium left out of pocket, if Dunedin secures a share of hosting rights for the Fifa under-20 World Cup in 2015. That was because Fifa required exclusive use of all tournament venues, beginning 10 days before each venue’s first match and continuing until a day after the last match, tournament organising committee interim project manager Peter O’Hara said. That could mean a clash between Fifa’s tournament and the Super 15 rugby competition at stadiums around New Zealand, as the two tournaments would overlap.

[Dunedin Venues Management Ltd chief executive Darren Burden] did not yet know the details of Dunedin’s bid, which was being handled by the Dunedin City Council, but hoped “sensible solutions could be found”.

The council was expected to contribute up to $450,000 towards Fifa’s tournament costs if its bid was successful, but council city strategy and development manager Sue Bidrose said that was if the city won the right to host a number of matches, including the final. The cost could be reduced if the city’s bid was only partially successful, but the true cost – including lost revenue if other stadium events were disrupted – was not known, she said.
Read more

Posted by Elizabeth Kerr

77 Comments

Filed under Business, DCC, DVML, Economics, Events, Media, Name, People, Politics, Project management, Property, Site, Sport, Stadiums