Category Archives: DVML

CELEBRATE !!! Greater Dunedin has DIED #boombustcycle

It has not quite gone to Hell, alas.

ODT editor Barry Stewart on tonight’s 39 Dunedin News, announed Greater Dunedin has ended.

This doesn’t mean the people from that popped cycle tyre won’t stand individually.

The reign of Incompetent Spending Terror continues.

But it’s a start. More spurning please.

[HUGE PITY] Dave Cull is running for Mayor again.

Who are they ???
● Dave Cull
● Chris Staynes
● Richard Thomson
● Kate Wilson
● Mike Lord
● Jinty MacTavish

Greater Dunedin caucus arrivesPhoto (retitled): The Greater Dunedin caucus leaves

Posted by Elizabeth Kerr

56 Comments

Filed under Business, Carisbrook, Citifleet, Climate change, Concerts, Construction, Corruption, Cycle network, DCC, Delta, Democracy, District Plan, Dunedin, DVL, DVML, Economics, Enterprise Dunedin, Events, Geography, Highlanders, Hot air, Hotel, Infrastructure, Media, Name, New Zealand, Ngai Tahu, NZRU, NZTA, OAG, Offshore drilling, Ombudsman, ORFU, Otago Polytechnic, People, Perversion, Pet projects, Police, Politics, Pools, Project management, Property, Proposed 2GP, Resource management, Site, South Dunedin, Sport, Stadiums, Tourism, Town planning, Transportation, Travesty, University of Otago, Urban design

DCC: DCHL half year result to 31 December 2015

Council Chamber, Municipal Chambers, Dunedin [architecturenow.co.nz] 1Council Chamber, Municipal Chambers [via architecturenow.co.nz]

Dunedin City Council – Media Release
Dunedin City Holdings Limited Half Year Result to 31 December 2015

This item was published on 22 Feb 2016

Dunedin City Holdings Limited has reported a surplus of $8.7 million for the six months to December 2015.

The financial result was the first with the inclusion of both Dunedin Venues Limited (DVL – the company that owns the Forsyth Barr Stadium and is the landlord) and Dunedin Venues Management Limited (DVML – the event management company, which currently operates out of the Stadium and the Dunedin Centre) are now included in the Dunedin City Holdings Limited group of companies.

The net surplus for the group has decreased from the $10.1 million reported in the six months to 31 December 2014. Including the impact of DVL and DVML though, ie a like for like comparison, reveals a $2.7 million increase in surplus for the six months.

The continuing recent trend of debt reduction has also been a highlight of the financial period. Total debt has decreased from $593 million at the end of June 2015 to $588 million at the end of December, a $5 million decrease.

Dunedin City Holdings Limited Chairman Graham Crombie says, “It is pleasing to once again be able to show an improved financial result for the group. The like for like increase in surplus for the group, along with the reduction in debt levels, continues to reflect the improvement in the overall financial performance of the individual companies within the group.”

Aurora Energy Limited’s profit is down slightly on the previous year, but revenue has continued to grow. The company is continuing its major asset improvement and renewal programme, which is forecast to involve $372 million of expenditure over a 10 year period.

Improvements in both international and domestic demand, and a fall in the New Zealand dollar, were key factors for City Forests Limited. Along with reduced costs because of lower fuel prices and international shipping rates, this has led to healthy increase in surplus. The company’s net surplus has increased from $3.7 million in 2014 to $5 million in 2015.

Delta Utility Services Limited has also experienced a slight decrease in surplus for the six months, but continues to be in line with budget expectations. The company continues to develop its asset management, energy and environmental divisions.

Taieri Gorge Railway Limited has experienced an increase in revenue for the six months, reflecting a 10.2% increase in passenger numbers. Cost pressures over the reporting period have resulted in the surplus for the period being down compared with the same period last year.

The impact of increased event income, along with the implementation of the recommendations of the Dunedin City Dunedin Council’s Stadium review, has seen a significant increase in DVML’s financial result. The company has moved from a $1 million loss in 2014 to a reported six month surplus of $300,000. Mr Crombie says this is a significant turnaround for the company.

DVL has reported a net loss of $4 million compared to a loss of $4.4 million for the corresponding six month period last year. This is largely due to the impact of the Stadium review.

A rise in operating revenue, along with a decrease in interest costs, has resulted in an increase in the financial performance of Dunedin International Airport.

Contact Graham Crombie, Chairman Dunedin City Holdings Limited on 477 4000.

DCC Link

The Delta Affair by Douglas Field 23.2.16The Delta Affair [Douglas Field 23.2.16]

OTAGO DAILY TIMES
Corresponding DCC/DCHL reports below this group of news stories.

Councillors celebrate, criticise
By Chris Morris on Tue, 23 Feb 2016
A surplus of $8.7million delivered by the Dunedin City Council’s group of companies was cause for celebration and angst yesterday. The divergent views came as councillors discussed the results from Dunedin City Holdings Ltd and its subsidiaries for the six months to December 31 last year at yesterday’s full council meeting.

Delta loss could top $20 million
By Chris Morris on Tue, 23 Feb 2016
Delta’s potential loss from a stalled Christchurch subdivision could top $20 million, and was still growing as the company pumped more money in to secure its position, it has been confirmed. But the Dunedin City Council-owned company has all but given up already on recovering at least part of what it is owed, which is included as a “doubtful debt” on the company’s books.

DCC stating expectations
By Chris Morris on Tue, 23 Feb 2016
The Dunedin City Council is moving to spell out the expectations it has from its companies for the first time. But the move has already been dismissed as window-dressing by Cr Lee Vandervis, prompting a debate at yesterday’s full council meeting.

Conflict policy code reworking requested
By Vaughan Elder on Tue, 23 Feb 2016
Fears of unintended consequences caused Dunedin city councillors to request more work be done on a code of conflict policy. The policy, which consolidates the management of staff conflicts of interest in one document, was considered for adoption at yesterday’s meeting, but was sent back to chief executive Sue Bidrose.

Councillors back rounding of pool charges
Tue, 23 Feb 2016
Dunedin City councillors have supported rounding pool charges to the closest 50c. Council staff said rounding pool charges would simplify the cash handling process for customer service staff and result in quicker transactions for people paying with cash.

Dunedin stadium in the black
By Chris Morris on Mon, 22 Feb 2016
The company running Dunedin’s Forsyth Barr Stadium has turned a $1 million loss into a six-figure profit, and is forecasting greater returns in future.
The result came as the Dunedin City Council’s group of companies released their latest six-month reports and statements of intent, which will be discussed at today’s full

Conflicts of interest policy
By Chris Morris on Mon, 22 Feb 2016
Dunedin city council staff could be forced to resign under a new conflicts of interest policy to be considered by councillors today. The new policy would cover all council staff and contractors, but not councillors, who would be the subject of a separate report still being prepared.

DUNEDIN CITY COUNCIL
A full council meeting was held on Monday, 22 Feb 2016, starting at 1:00 pm.

Agenda – Council – 22/02/2016 (PDF, 53.7 KB)

Report – Council – 22/02/2016 (PDF, 63.8 KB)
Dunedin City Holdings Ltd Financials for the Six Months Ended 31 December 2016

Report – Council – 22/02/2016 (PDF, 542.4 KB)
Dunedin City Holdings Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 66.1 KB)
Dunedin City Holdings Ltd Group of Companies Financials for the Six Months Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 2.0 MB)
Aurora Energy Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 206.1 KB)
City Forests Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 2.5 MB)
Delta Utility Services Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 191.6 KB)
Dunedin City Treasury Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 1.1 MB)
Dunedin International Airport Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 493.6 KB)
Dunedin Venues Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 314.9 KB)
Dunedin Venues Management Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 583.3 KB)
Taieri Gorge Railway Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 174.4 KB)
Dunedin City Council’s Letter of Expectations for 2016/17

Report – Council – 22/02/2016 (PDF, 68.3 KB)
Draft Statement of Intent – Dunedin City Holdings Ltd

Report – Council – 22/02/2016 (PDF, 192.0 KB)
Dunedin City Holdings Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 828.7 KB)
Aurora Energy Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 192.7 KB)
City Forests Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 111.3 KB)
Delta Utility Services Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 92.5 KB)
Dunedin City Treasury Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 1.6 MB)
Dunedin International Airport Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 50.3 KB)
Dunedin Venues Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 119.1 KB)
Dunedin Venues Management Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 70.4 KB)
Taieri Gorge Railway Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 130.6 KB)
Conflicts of Interest Policy (Council Officers)

Report – Council – 22/02/2016 (PDF, 1.7 MB)
Wastewater Connection to 38 Church Hill Road

Report – Council – 22/02/2016 (PDF, 84.1 KB)
Community Engagement Plan for 2016/17 Annual Plan

Report – Council – 22/02/2016 (PDF, 295.4 KB)
2016/17 Aquatics Fees – Options for Annual Plan Consultation

█ Source: DCC webpage

Posted by Elizabeth Kerr

36 Comments

Filed under Business, DCC, DCHL, DCTL, Delta, Democracy, Dunedin, DVL, DVML, Economics, Infrastructure, Media, Name, New Zealand, People, Politics, Project management, Property, Resource management, Site, Stadiums, Tourism, Town planning, Transportation

ODT headline: ‘Stadium in the black, more to come’

TERRY AND BOARD !!!

Very difficult to be transparently and accountably in the black if your company DVML (Dunedin Venues Management Ltd) is HIGHLY SUBSIDISED by Dunedin ratepayers.

Cut us a break from incredulity.

### ODT Online Mon, 22 Feb 2016
Stadium in the black, more to come
By Chris Morris
The company running Dunedin’s Forsyth Barr Stadium has turned a $1 million loss into a six-figure profit, and is forecasting greater returns in future. The result came as the Dunedin City Council’s group of companies released their latest six-month reports and statements of intent, which will be discussed at today’s full council meeting.
Read more

Report – Council – 22/02/2016 (PDF, 314.9 KB)
Dunedin Venues Management Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 119.1 KB)
Dunedin Venues Management Ltd Draft Statement of Intent 2017

Report – Council – 22/02/2016 (PDF, 493.6 KB)
Dunedin Venues Ltd Six Months Financial Statements for the Period Ended 31 December 2015

Report – Council – 22/02/2016 (PDF, 50.3 KB)
Dunedin Venues Ltd Draft Statement of Intent 2017

>>> Off to the full council meeting, started at 1:00 pm
Council Chamber, Municipal Chambers

Posted by Elizabeth Kerr

43 Comments

Filed under Business, DCC, DCHL, Democracy, Dunedin, DVL, DVML, Economics, Events, Hot air, Media, Name, New Zealand, ORFU, People, Politics, Project management, Property, Sport, Stadiums

Rugby Stadium flat passion

Peter De Villiers New Yorker cartoons [sportreview.net.nz] tweaked

Comments at ODT Online:

It’s the finances
Submitted by MikeStk on Sat, 06/02/2016 – 11:26am.

Bones: Once again you misrepresent me – my beef with the stadium and rugby is the way that Otago rugby has ripped off Dunedin, initially promising us a free stadium at no cost to the ratepayers then, without allowing us to vote, changing it to “we’ll raise $50m” and you can pay for the rest, then to “oops we can’t raise a cent” you pay for all of it, to “oops we’re going down the gurgler you must buy Carisbrook for $10m”, to “we’ve had too many black tie dinners and now we’re bankrupt you have to bail us out”, to “we’re not paying enough rent to use it you have to subsidise the running costs by $2m, $5m, $7m, ….”-
Now local rugby is making million dollar profits off our backs but is still not contributing a cent to pay for their rugby stadium – a bunch of wowsers eating at the public trough hoovering my hard earned dollars out of my pockets to subsidised their booze fed events.

I’ll say nice things about your rugby stadium the day I stop having to pay for it and for your fun.

A sad decline
Submitted by MikeStk on Sun, 07/02/2016 – 2:25pm.

Bones: As I said, my issues with the rugby stadium are with the finances, not whether anyone thinks it’s a good stadium or not. Solve the financial issues, have rugby pay what they owe and make the ratepayers financially whole and I’ll be happy.

Remember that the ORFU once owned Carisbrook free and clear – the grandfathers of the current generation of rugby official built and paid for Carisbrook out of their own pockets. That’s the way it should be done.

But over time they started spending more money than they were taking in, rather than doing the financially sensible things like spending less or charging more. They started mortgaging their major asset, with no real way to pay it back, and eventually they owed the DCC $2m, and the bank a few million more – a terrible way to honour the wonderful legacy they had been gifted by their canny, thrifty grandfathers.

Then in a moment of financial lunacy they decided to get the city to build them a new stadium, to replace Carisbrook – the bank must have looked at that and raised their collective eyebrows somewhere over the backs of their heads – Carisbrook, the thing they had mortgaged was now worth less than the loan. You can see why they offloaded it on the city in a deal that cost the ratepayers millions – if they’d sold it themselves their bank account would be in the red. So much for their grandfather’s legacy – squandered to nothing.

There’s no reason for the DCC to have been involved in building the rugby stadium – the ORFU’s grandfathers had already proven that with some thrift, some canniness, reaching into their own pockets and raising money from the public, it was completely possible for rugby to build its own stadium. The current generation seem to be too lazy to try, too willing to force the rest of us to pay for something they should have been saving for themselves over the past generation – very much the Ant and the Grasshopper. [Abridged]

Posted by Elizabeth Kerr

*Image: sportreview.net.nz (Aug 2010) – matching rugby’s favourite nutbar Peter De Villiers’ quote to New Yorker cartoon, tweaked by whatifdunedin

6 Comments

Filed under Business, Carisbrook, Construction, CST, DCC, Dunedin, DVL, DVML, Economics, Highlanders, Hot air, Media, Name, New Zealand, NZRU, ORFU, People, Perversion, Politics, Project management, Property, Site, Sport, Stadiums, Travesty

DCC LTAP 2016/17 budget discussion #ultrahelpfulhints

ODT 19.1.16 (page 6)

ODT 19.1.16 To the point McCutcheon p6 FrameScrollCornerJPRfinished red

Comment at ODT Online:

Still on about ‘rising ground water’
Submitted by flatout on Thu, 21/01/2016 – 8:05am.

When will you…Dave…and the council admit it was a lack of mainenance that caused the flooding in Dunedin? Stop blaming climate change and rising ground water. Stop talking about high cost plans of moving South Dunedin and buying properties. Stop your endless council staff meetings about the issue of ‘what to do with South Dunedin’. Do maintenance on the stormwater. Do invest in South Dunedin to keep it a place to live and work in. All you need to do is clear drains and stormwater system that has coped with worse floods in the past…1968 for example.

REMOVE THE IRRITANT
Dave framed [FrameScrollCornerJPRfinished] 2

Posted by Elizabeth Kerr

62 Comments

Filed under Business, Cycle network, DCC, Delta, Democracy, Dunedin, DVML, Economics, Enterprise Dunedin, Infrastructure, Media, Name, New Zealand, OAG, People, Pet projects, Politics, Project management, Property, Proposed 2GP, Resource management, Tourism, Town planning, Transportation, Urban design, What stadium

Un hôtel. Dunedin.

Douglas Field Published on Jan 11, 2016
Another F up Yup
Dunedin looks – yet again at another new hotel. Trouble is they always get it wrong – last one was a doozy – this one ain’t shaping up too well either.
All very cloak and dagger.

Posted by Elizabeth Kerr

9 Comments

Filed under Architecture, Business, Construction, DCC, Democracy, Design, District Plan, Dunedin, DVML, Economics, Enterprise Dunedin, Fun, Geography, Heritage, Hot air, Hotel, Infrastructure, Media, Name, New Zealand, People, Politics, Project management, Property, Proposed 2GP, Resource management, Site, Tourism, Town planning, Urban design, What stadium

Reminder to DVML | Annual cost for Stadium stings renters ratepayers $25M

16.12.15 ODT: Concerts a $20m bonus
International promoters are eyeing Dunedin for regular sell-out concerts after Forsyth Barr Stadium delivered strong ticket sales and a nearly $20 million boost to the city’s economy […] DVML chief executive Terry Davies said the results showed the stadium was delivering on “two key drivers” – delivering economic benefits and a boost to the city’s pride.
http://www.odt.co.nz/news/dunedin/367093/concerts-20m-bonus

Comment at ODT Online:

Stadium economic dis-benefit
Submitted by JimmyJones on Mon, 21/12/2015 – 8:15pm.

DVML claims an economic benefit to Dunedin of $19.7 million for the concerts held this year. Economic benefit figures are notoriously exaggerated, especially when they are provided by someone whose reputation is at stake.

Anyway, it is misleading to claim a $20 million boost to the Dunedin economy without mentioning the annual $25 million (aprox.) cost to renters and ratepayers to fund the stadium. This is a net drain on the local economy and something Mr Davies and Mayor Cull should be ashamed of.

Also, almost none of the citizens forced to pay for this financial disaster receive any financial benefit from this so-called economic benefit – this is a wealth transfer, with a few businesses benefiting greatly at the expense of all the citizens of the city – the many suffer, to benefit the few. On the whole the stadium continues to be a millstone around the neck of Dunedin’s economy.

[ends]

Posted by Elizabeth Kerr

projectimagestreamstadium2-ashxForsyth_Barr_Stadium_ ETFE_Roof_5 of 6

*Images: fubar stadium, Dunedin

5 Comments

Filed under Business, Concerts, Construction, CST, DCC, Democracy, Dunedin, DVL, DVML, Economics, Events, Media, Name, New Zealand, NZRU, OAG, Ombudsman, ORFU, People, Perversion, Politics, Project management, Property, Sport, Stadiums, Travesty