The Elton John concert at Fubar is lauded by ‘prostadia’ as having generated a $14-15 million spend in Dunedin.
Dunedin Venues Management Ltd (DVML) commissioned Howard Research to ascertain the economic benefit of the sold-out November 2011 concert.
“Of the $14.9 million, $4.6 million was spent on retail shopping, $4 million on food and beverage and $3.4 million on accommodation.” (ODT 11.2.12)
Nobody seriously believes that, except ‘prostadia’.
With each ratepayer-subsidised act or event to appear at the stadium we’re reminded (no, told) of the great windfall that was ‘Elton John’.
Dunedin Venues’ books say differently. With more events being diaried, what happens when the ratepayer subsidy and events fund runs out? What will the city council dream up next to borrow against, or sell?
[Can we hock off Darren and his team of DVML ‘managers’ and their EPAs?]
ODT 25.2.13 Walk this way – Aerosmith to play stadium
Posted by Elizabeth Kerr