Tag Archives: Carisbrook Stadium Trust

Stadium costs $23.4144 million per annum

Received from Bev Butler
Thu, 26 Jun 2014 21:43:05 +1200

Cover note:
According to the latest DVL/DVML six monthly reports the debt is growing not reducing – that is a concern. The $146.6 million debt was passed over to DVL, many millions were poured into servicing the interest and capital repayments for this debt but even with that happening the combined short term/long term debt of DVML/DVL now stands at $157.6 million – $11 million more! The long term debt of $146.6 million has been reduced to $138.8 million but short term debt stands at $18.8 million. It is a major concern that the combined debt is growing not reducing – and this is during the stadium’s honeymoon period.

———

From: Bev Butler
To: Sue Bidrose; Sandy Graham; Kate Wilson; Richard Thomsom; Chris Staynes; John Bezett; Lee Vandervis; Hilary Calvert; Doug Hall; Andrew Whiley; Mike Lord; David Benson-Pope; Neville Peat; Andrew Noone; Jinty MacTavish; Dave Cull; Aaron Hawkins
CC: Calvin Oaten; Grant McKenzie
Subject: Stadium $23.4144 million per annum
Date: Thu, 26 Jun 2014 21:43:05 +1200

Dear Mayor Cull and Councillors

As a result of further discussions and more information obtained through further searching Council documents Calvin Oaten and I have updated the annual stadium costs which now stand at $23.4144 million. (See attached word document). No changes have been made to the spreadsheet I sent earlier which I prepared.
There are some costs which have not been included due to the difficulty in quantifying them to the accuracy of which I would be comfortable.

This $23.4144 million figure does not include any payments which may have not been fully transparent through the Council books.
By this I mean that I understand there were approaches by Darren Burden, former CEO of DVML, to obtain payments for bills which DVML were unable to pay but which another Council Department had shown some willingness to transfer their surplus unspent funds from that Department to DVML. In that particular case, I understand the transfer did not happen. However, I have no access to information as to whether this had occurred on previous occasions through other departments.

█ Also attached are Terry Wilson’s calculations coming from a different angle but which come to $23.1 million per annum. (See attached spreadsheet prepared by Terry Wilson).

Yours sincerely
Bev Butler

Downloads:
FB Stadium=Annual Ratepayer Costs=V2 (PDF, 9.47 KB)
Stadium Costs $23.4144 million per annum (DOC, 30.5 KB)

Related Posts and Comments:
2.6.14 Stadium costs ballpark at $21.337 million pa, Butler & Oaten
23.5.14 Stadium | DCC DAP 2014/15 ● Benson-Pope asserts himself
9.5.14 DCC Draft Annual Plan 2014/15 Submission by Bev Butler

Posted by Elizabeth Kerr

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Filed under Business, Carisbrook, DCC, DCHL, Democracy, DVL, DVML, Economics, Name, New Zealand, People, Politics, Project management, Property, Site, Sport, Stadiums

Stadium costs ballpark at $21.337 million pa, Butler & Oaten

Received from Bev Butler
Monday, 2 June 2014 4:10 p.m.

Message: During the presentation of my submission on the draft annual plan I was asked by Council to produce the figures to back up my claim that the stadium was costing approximately $20 million per annum. David Benson-Pope made a general statement questioning whether the claims in my submission were correct – though he didn’t elaborate when I asked him. I have followed up the Council’s request and the final figure is $21.337 million.

Please note there is a huge disparity between what the DCC has published in the Draft Annual Plan 2014/15 and what can be shown by the DCC’s own figures that are very difficult to find and interpret. The ratepayers should not continue to be kept in the dark – the real costs are more than double what is being published.

This has now been sent to the Mayor and Councillors.

Regards
Bev

————————————

From: Bev Butler
To: Sue Bidrose; Sandy Graham; Kate Wilson; Richard Thomson; Chris Staynes; John Bezett; Lee Vandervis; Hilary Calvert; Doug Hall; Andrew Whiley; Mike Lord; David Benson-Pope; Neville Peat; Andrew Noone; Jinty MacTavish; Dave Cull; Aaron Hawkins
Cc: Calvin Oaten
Subject: Stadium Cost $21.337 million per annum
Date: Fri, 30 May 2014 22:49:43 +1200

Friday 30 May 2014

Dear Mayor Cull and Councillors

Attached is a Word document prepared by Calvin Oaten outlining the annual stadium costs. The final figure of $21.337 million is based on figures sourced from and cross-referenced with DCC/DVML/DVL/DCHL documents.
Also attached is a spreadsheet, containing four spreadsheets, prepared by Bev Butler, showing the treatment of the $146.6 million portion of the stadium debt.

Yours sincerely
Bev Butler

Explanatory Note for Calvin Oaten’s Word document:
I have expressly not mentioned nor quantified costs of what I would term ‘collateral’ effects of the Stadium Project. These of course are very real additional financial burdens to the citizens. These are: the realignment of SH88, the forgiving of considerable debt owed the city by the Otago Rugby Football Union, the costs of the purchase and sale of Carisbrook including the holding of same in the interim period. And of course, the ongoing operational losses of DVML’s operations. These particularly are proving to be a continual drag on the financial conscience of the ratepayer. It seems that if council cannot, or will not bite the bullet and raise the “pay to use” level to at least a break even figure then professional rugby is destined to have the last laugh at our expense. It is simply not fair.
I remain, without prejudice
Calvin Oaten

Explanatory Notes for Bev Butler’s spreadsheets:
1. Sheets 1 & 2 titled “$117.541m” and “$29.059m” respectively outline the calculations for the two tranches of stadium debt outlined in the DVL six-monthly report, dated 31 December 2013. This report states that the $146.6m stadium debt has been divided into two tranches of $117.541m and $29.059m. The $117.541m is for a term of 17 years and the $29.059m is for a term of ten years with a weighted average of 6.05%pa. In the calculations I have assumed monthly compounding periods and assumed the first payment(s) were made between 30 June 2013 and 31 December 2013. If the compounding period is shorter then there would be a small reduction in the payments.
Note that in the DVL six-monthly report it states that a mortgage has been issued to pay for the two tranches. This is the first time this has been mentioned in the DVL reports so it is assumed that the mortgage was issued sometime between the last DVL Annual Report (YE 30 June 2013) and the DVL six-monthly report (31 December 2013). There is also mention of a GSA having been signed. I assume this is a General Security Agreement to secure the payment of the debt in the event of the stadium folding or the rental payments not being met. I acknowledge that I am unsure about this as I have no further information. Perhaps the Council staff could clarify this aspect.

2. Sheets 3 & 4 titled “$146.6m monthly” and “$146.6m weekly” respectively outline the calculations for the stadium debt had [regular repayments been made] from the time the stadium opened. It appears from the calculations and the DVL Annual Reports that this was not happening. If it was then the debt would have reduced to approximately $134 million. The DVL long term debt as of 31 December 2013 stands at $141.090m. So up until the mortgage was secured, it appears the debt repayments were for interest only on the bonds (and an average annual capital injection of $2m) which were issued to pay for the stadium land and other stadium debt.

[ends]

Downloads:
Stadium Costs $21.337 million per annum (DOC, 30.2 KB)
Stadium debt calculations FINAL (XLS, 59.3 KB)

Related Posts and Comments:
9.5.14 DCC Draft Annual Plan 2014/15 Submission by Bev Butler
23.5.14 Stadium | DCC DAP 2014/15 ● Benson-Pope asserts himself

Posted by Elizabeth Kerr

56 Comments

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DCC Draft Annual Plan 2014/15 Submission by Bev Butler

Received Friday, 9 May 2014 at 12:00 p.m.

Submission to DCC Annual Plan 2014/15 by Bev Butler

Thank you for the opportunity to speak to my submission.

I would like to express my support for the stadium review announced a few months ago.

Stadium Review

Due to concerns expressed by various members of the community, and my own growing concerns about the stadium issue, I decided to enquire into spending by DVML, through LGOIMA. It soon became clear that inappropriate spending had been occurring for some time within DVML eg hotel bills for up to $US350 per night etc. Purchase of boys t-shirts, gloves, hat, chewing gum and shaving gear. These are not business expenses. It is clear from some of the expenditure claimed that there is an ingrained sense of entitlement, which is unacceptable.

I understood that Council staff have been committed to curbing their budgets because of the debt problem and were unhappy to see the unbridled spending occurring within DVML. It wasn’t without its difficulties to obtain this information – DVML didn’t release it willingly. DVML treated the request as an imposition rather than an obligation. I was however – persuasive. Without the mechanism of LGOIMA requests some of this information may not have seen the light of day and hence steps made to address this wastage. It was reported in the ODT recently that DVML are now looking into charging for the future release of information. I believe this is a retrograde step: the purpose of acquiring official information is an important check on how public officers use public money or carry out their duties. Without it, unbridled corruption could occur.

Unfortunately for the Carisbrook Stadium Trust, they also operated inappropriately never dreaming that a group of citizens including myself would request information officially to expose their inappropriate spending. In fact, the former CEO, Jim Harland, informed me in 2008 that the CST was not subject to LGOIMA. What Mr Harland failed to tell me was that he had sought two legal opinions which both confirmed that CST was subject to LGOIMA through the DCC under section 2(6). To this day, Mr Malcolm Farry still shows considerable resistance to this and I have had to make several complaints to the Office of the Ombudsman. Mr Farry could have been prosecuted under the Ombudsman Act for his obstructiveness in releasing certain information should the Ombudsman have chosen to do so.

Why has this group of citizens continued to obtain information about the construction of the stadium? After all, it is now built and why don’t people just move on, as some say. I shall now explain why many people have not let go as would normally be expected.

Some may recall after the Christchurch earthquake there was a news item on TV1’s Close Up program. Shock and horror was expressed over invoices being sent to Christchurch residents for repair of their chimneys damaged in the quake. These invoices were for $2,000 and criticism was expressed at so little detail on these invoices. They just stated labour and materials $2,000. This was considered completely inappropriate invoicing and at the time there were questions of possible fraud.

Well, those quake invoices pale into petty significance compared with the CST invoicing. The CST presented millions of dollars worth of invoices to the DCC with merely two words on them: “Trust costs”. And, furthermore, this is after the Auditor General stated in his September 2007 report that no payments would be made to the CST without detailed invoices.

The former DCC Chief Financial Officer also sent me a letter in October 2007 stating that no CST invoices would be paid without third party invoices to support them. It was recently stated in an official information request that these third party invoices do not exist. In response, Mr Farry has now produced some paperwork, which the DCC is processing. This should have been done at the time and not retrospectively. When discussing this with a lawyer I said that the CST invoice process left the door wide open for fraud. The lawyer’s response was: “Not an open door, Bev, but a bloody great cavity!”

I emphasise that I am not saying that fraud occurred, what I am saying is the process was so flawed that no-one would know whether fraud had occurred or not. There is no statute of limitations on private or public fraud. According to the CST financial statements presented to the Charities Commission more than $71 million of public money went through this Trust. Every single dollar must be accounted for. Personally, I think it appalling that the process was so sloppy given that all the CST trustees are so-called top business people including two accountants. At best it shows the sheer arrogance of those trustees. I have also found other unexplained discrepancies in some of their financial reporting which I will deal with in another forum.

Another reason why a group of citizens are still investigating the stadium is because we believe criminal activity may have occurred.
So the issue is not whether you are pro or anti stadium but whether you are pro or anti corruption.

Outcomes from the stadium review

What I hope eventually comes out as a result of the stadium review includes:

1. A cost/benefit analysis of all the possible scenarios for the stadium including:
(a) Retaining the stadium under DVL ownership and DVML management
(b) Bringing the stadium “in house” under direct DCC ownership and management
(c) Privatising the stadium
(d) Mothballing the stadium until the private funding is raised as was promised by the CST prior to the stadium construction.

2. A cost/benefit analysis of the natural turf vs artificial turf .

3. An honest, full analysis of the entire stadium costs – by this I mean a report showing ALL annual costs of the stadium including DVML costs, DVL costs, DCHL costs (including from all the companies directly and indirectly). Ratepayers deserve an honest assessment – it won’t make ratepayers feel any better but at least we will know the full extent of the cost of the stadium. Many people think that the stadium costs Council just a million or two per year when in actual fact it is costing Council approximately $20 million per year overall, directly or indirectly. Ratepayers have a right to know. It is also very difficult to expect Council to make decisions when they are not presented with the full extent of stadium costs.

4. A formal request from the Council for the CST to front up with the three $1 million donations for construction which Mr Farry very excitedly announced in 2007. None of these donations have materialised nor has Sir Eion Edgar’s $1 million donation he announced in DScene in August 2009. A request for interest on late payment at market rates would also be appreciated.

5. A request for an increase in payment for naming rights from Forsyth Barr to keep it in line with what was initially promoted to Council by the CST’s agent The Marketing Bureau. Council was told naming rights were worth over $10 million but Forsyth Barr is only paying $5 million. Eion Edgar is trying to double count his $1 million ‘donation’ as being part of the $5 million naming rights. Naming rights are a corporate contract not a ‘donation’. As a trustee of a number of Charitable Trusts Sir Eion Edgar knows this. He can’t have it both ways.

6. A review of the Stadium Hire Agreement with the ORFU. David Davies, a former CEO of DVML, said ratepayers would be very angry if they knew what was in it – obviously this agreement is not advantageous to the ratepayer. So much so the ORFU are in a position where they only need to sell 200 tickets to break even.

7. No DVML staff should be working for the ORFU – ORFU is a private business and it is not up to the ratepayer to be subsidising the Union through providing staff support.

8. An assessment of the estimated substantial maintenance costs which are looming as reported in the DVML/DVL annual reports. Part of the projected $188 million (‘not one dollar more’) construction cost was a $6.4 million maintenance fund, which never eventuated, like the $45 million ($55 million including interest) in private funding for the construction lie.

Finally, the inappropriate spending, which occurred in the CST and continued through DVML when CST staff transferred to DVML, needs to be addressed. The community were provided with misleading information throughout the stadium construction but thankfully there is a democratic process in place which allows these matters to be exposed, to prevent this from happening in the future and bring those responsible to account.

[ends]

Posted by Elizabeth Kerr

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Finance Department (payments area)

Both items supplied.

ClarkeAndDawe 7 May 2014

Clarke and Dawe – Some steadying words on the current situation
“Robin Peter, Payments Officer with the Australian government.” Originally aired on ABC TV: 08/05/2014

[Quote: ‘Remind you of anything? DVML, DVL… Liu & Woodlouse… Very timely!’]

****

A Simple Idea for PSF (Farry’s Folly)

ODT 8.5.14 DCC DAP In Brief (page 13)ODT 8.5.14 In Brief (DCC DAP) – page 13

Posted by Elizabeth Kerr

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Stadium: Jeff Dickie on costs

Received from Jeff Dickie
Wednesday, 7 May 2014 11:15 a.m.

Subject: my rejected odt response

DCC’s CEO Sue Bidrose’s response to my stadium costs queries (ODT 15.3.14) are very disturbing. However, I have some sympathy for her as I know from personal experience, former CEO Paul Orders had huge difficulty finding such figures, due to a DCC culture of obfuscation. He did however identify $42M that the audit missed. How much did the audit cost? Why was such a huge amount missed?

Even if we accept Bidrose’s figures of $146M stadium debt, and $9.15M annual cost, which I don’t, the figures don’t add up. Just the interest on $146M, at say 6%, is $8.76M pa. For capital repayment over the 18.5 years the annual figure will be about the same again. Say together $17M pa. Add to this the stadium rates rebate now subsidised by general ratepayers to over $1M pa. That’s $18M. Add to this several more million dollars pa for propping up DVML and you are well over $20M pa!

Remember there was no $45M Private Funding or $10M from Otago University as promised. Apart from the three contributors below, everything is debt funded.

The DCC’s own stadium cost figure is $266M. Deduct $37.5M from ORC, less $7M Otago Community Trust, less $15M from the Government. I make that $206.5M, not Bidrose’s $146M. Funding $206.5M at 6% costs $12.39M pa just for interest, without any capital repayment. Say $25M pa for interest and capital. Add to this the huge annual DVML cost and the scale of the deception becomes apparent.

In summary, my figures point to well over double the official annual cost and around $60M more in stadium debt. In my opinion, neither the mayor, the CEO, or anyone else in the DCC has a clue what the real figures are. Now that’s worrying!

Jeff Dickie
Woodhaugh

[ends]

ODT 15.3.14 Letter to the editor (page 34)ODT 15.3.14 (page 34) from previous post [click to enlarge]

Posted by Elizabeth Kerr

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Decisions . . .

Patriot Hawgrider (@dale42860) tweeted at 9:37 PM on Thu, Apr 24, 2014:
pic.twitter.com/Bs18b7LWHs

Organised crime (via Patriot Hawgrider @dale42860)

Posted by Elizabeth Kerr

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Stadium: Edgar’s $1m donation (private sector fundraising)

Received from Bev Butler
Thursday, 10 April 2014 11:31 a.m.

From: Bev Butler
To: Eion Edgar [Forsyth Barr]
CC: Carlotte Henle [Kensington Swan]; Ian Telfer [Radio NZ]; Wilma McCorkindale [Fairfax News]; Debbie Jamieson [Southland Times]
Subject: Has Sir Eion Edgar paid his $1 million donation?
Date: Thu, 10 Apr 2014 11:30:19 +1200

Dear Sir Eion

You will recall the reports in The Mirror (10/7/13 – copied below) where you promised to honour your $1 million pledge initially reported in DScene (13/5/09).
As there had been no public reports of you having paid up I decided a few months ago to make an official request under LGOIMA to see if this money had been received. After repeated requests for the Dunedin City Council to respond to my request I have received no response. I thought before making a complaint to the Office of the Ombudsman I would ask you directly if you have paid up. It is in the public interest that this pledge is honoured as it formed part of the push for the decision for the stadium to go ahead. You may also recall the report on the front page of the ODT (March 2007) where Mr Malcolm Farry announced “very excitedly” that he had a one million dollar donation for stadium construction with another two “in the wings”. This was also reported in the National Business Review.

I have prepared a sequence of events to help clarify the situation:

1. Mr Malcolm Farry announces three $1m donations for stadium construction in March 2007.
2. The Marketing Bureau, commissioned by Carisbrook Stadium Trust, tells Dunedin City Council in Dec 2007 that naming rights are worth over $10m.
3. ODT reports Sir Eion Edgar becomes trustee of CST in August 2008.
4. Edgar and Farry announce Forsyth Barr have signed a Heads of Agreement in Jan 2009 and it is reported in NBR that a “substantial cheque” has been signed.
5. Council documents of cashflow projections, peer reviewed by PwC in Feb 2009, show that the naming rights payments have changed from full payment up front to two years in advance – “front-end loading” is the term for this.
6. Edgar announces in DScene in May 2009 he is making a $1m donation to the stadium.
7. Nine changes, as revealed in LGOIMA response from DVML, are made to the Forsyth Barr naming rights agreement then the contract is signed on 2 August 2011…the day after stadium opens. One of the final changes is from yearly in arrears to monthly in arrears.
8. Forsyth Barr makes their first payment on 1 September 2011. They are paying monthly in arrears.
9. Edgar, through Forsyth Barr lawyer in Oct 2012, denies having stated that Forsyth Barr had written a “substantial cheque”. The NBR journalist distinctly remembers the “substantial cheque” comment being made. However, no correction sought from NBR at the time.
10. The naming rights contract is no more than $5m as revealed in 2013 through LGOIMA request to DVML.
11. Edgar claims his $1m donation is part of the naming rights corporate contract in The Mirror in July 2013. The $1m donation still unpaid. None of the other three $1m donations for construction have been paid.
12. Michael Sidey is paying $1 million as part of the Forsyth Barr naming rights. I think what is happening is “double-counting”. Announcing million dollar donations for construction then two of these donations form part of the corporate contract for naming rights. Either [the] two $1 million payments are donations and the naming rights is only $3m, or the naming rights is $5m and the two [$1 million] donations don’t exist. You can’t have it both ways. This “double-counting” trick is what happened in the STS High Court injunction case where they claimed the $15m grant from Central Government was to offset the private funding shortfall AND was also used to offset the increase in land costs. This “double-counting” trick was established in the Court of Appeal.

So, Sir Eion, have you paid the $1 million donation initially pledged for construction of the stadium? If you have paid $1 million as part of the Forsyth Barr naming rights then good on you. That’s between you and the corporate contract signed by Forsyth Barr. I’m sure Forsyth Barr are happy about that. What is of interest to the public is have you paid the $1 million donation pledged in DScene?

As Chairman/Trustee of a number of Charitable Trusts you will be aware of the definition of a donation as recorded on the Charities Commission website. It bears no similarity to a corporate contract. I have copied Charlotte Henley, Forsyth Barr’s lawyer, into this email so she can confirm this definition, in case you still have any doubts.

I hereby reserve all my rights.

Yours sincerely
Bev Butler

Copied to other interest[ed] media and parties.

Queenstown Mirror 10.7.13 page 1 (detail)
Queenstown Mirror 10.7.13 page 2 (detail)

dscene-13-5-09-page-9-eion-edgar-c3### DScene 13 May 2009
The Insider: Big questions answered
Mr Generous isn’t slowing down

Winter Games NZ chairman Eion Edgar | Interviewed by Ryan Keen
COMMUNITY-MINDED Queenstown-based businessman Eion Edgar, who retired as New Zealand Olympic Committee president last week and left a $1 million donation, on his support for knighthoods, backing Blis and why he’s not slowing down.
#bookmark page 9 | DScene 13.5.09 page 9 (merge)

[ends]

Related Posts and Comments:
30.7.13 Stadium: Accountability, paper trail leads unavoidably to NEWS
18.7.13 ODT won’t touch Fairfax story
10.7.13 Stadium: Edgar will honour $1M personal pledge to project
3.7.13 [Pulled!] Call for Dunedin stadium cash
24.12.12 A Christmas Tale
7.6.12 Stadium: Forsyth Barr naming rights
6.7.09 Eion Edgar on ‘stadium haters’

Posted by Elizabeth Kerr

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Delta blues . . . and Easy Rider

ONE News: Victim’s relative feels ‘sorry’ for Easy Rider widow
Published: 9:17AM Wednesday March 19, 2014
A relative of one of the people who lost their lives in the Easy Rider sinking in 2012 says he feels sorry for the woman charged over the tragedy. Judge John Strettell released his judgement today, finding Gloria Davis and her company AZ1 Enterprises guilty of three charges under the Health and Safety in Employment Act and the Maritime Transport Act in relation to the tragedy. She originally faced five charges but two were dropped. Ms Davis is the sole director of the company that operated the fishing boat which capsized in Foveaux Strait on March 15, 2012, claiming eight lives, including Ms Davis’s husband, Rewai Karetai, who was skipper of the vessel. Link to Video/Article

Stuart McLauchlan ONE News 19.3.14 (re-imaged by whatifdunedin) 1Stuart McLauchlan

From the video:
The New Zealand Institute of Directors agrees the judgement serves as a warning. “When you take on a role as a director you cannot sit there passively,” says NZID’s Stuart McLauchlan. “You’ve got to understand what the risks are, you’ve got to understand the operations of the business, and ultimately you’re responsible.”

The same applies in the failed Delta land deals at Luggate and Jacks Point. Board directors for Delta Utility Services Ltd, Delta Investments Ltd (previously, Newtons Coachways (1993) Ltd), and Dunedin City Council’s holding company (DCHL) are ultimately responsible to Dunedin ratepayers for the multimillion-dollar loss.

Note: Stuart McLauchlan has been a director for Delta Utility Services Ltd since 01 Jun 2007; Delta Investments since 16 Jul 2009; and Dunedin City Holdings Ltd from 01 Jun 2007 to 31 Oct 2011. Altogether, this represents a “perceived conflict of interest” and more.

█ Inquiry into property investments by Delta Utility Services Limited at Luggate and Jacks Point. The Auditor-General’s Overview and Full Report are available at http://www.oag.govt.nz/reports/2014/delta.

Related Post and Comments:
20.3.14 Delta: Report from Office of the Auditor-General

Posted by Elizabeth Kerr

*Image: tvnz.co.nz – video still re-imaged by whatifdunedin

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Delta: Report from Office of the Auditor-General

Inquiry into property investments by Delta Utility Services Limited at Luggate and Jacks Point.

The report on the OAG probe was tabled at Parliament at 2pm today.

AUDITOR-GENERAL’S OVERVIEW and FULL REPORT available at http://www.oag.govt.nz/reports/2014/delta

“My staff found no evidence of impropriety or of poorly managed conflicts of interest in relation to either investment [Luggate and Jacks Point]. However, they did identify some breaches of the Local Government Act 2002 and the Companies Act 1993 and instances of Delta using artificial business structures to avoid public accountability.” –Lyn Provost, Controller and Auditor-General

█ Inquiry into decisions by Delta Utility Services Limited to invest in residential development at Luggate, near Wanaka, and at Jacks Point, Queenstown. 14 November 2012. Link

What was the probe about?
The OAG probe was to cover all aspects of the council-owned company’s decision to spend $14.12 million on property at Jacks Point, in Queenstown, and Luggate, near Wanaka, in 2008 and 2009. That included how and why the purchases were made, consideration of risks, compliance with legislation, and the identification and management of any conflicts of interest, the OAG said at the time. The OAG would also consider to what extent the Dunedin City Council – as the shareholder of Delta’s parent company, Dunedin City Holdings Ltd – was involved, and any other matters considered ”desirable” to report on. (ODT article 14.3.14)

████ Updated 21.3.14 – essential listening ████

### radionz.co.nz Friday 21 March 2014
Morning Report with Geoff Robinson & Simon Mercep
Delta complainants not satisfied with critical report
Reporting by Ian Telfer
08:41 People who made complaints about failed property deals from a Dunedin council subsidiary say it is unacceptable no-one is being held to account.
Audio | Downloads: Ogg   MP3 ( 3′ 38″ )

Related Post and Comments:
14.3.14 Delta: Mayor ignores Cr Vandervis’ official complaint

Posted by Elizabeth Kerr

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Jeff Dickie: Stadium rates burden

Copy received [click to enlarge]

ODT 15.3.14 Letter to the editor (page 34)ODT 15.3.14 Letter to the editor (page 34)

Posted by Elizabeth Kerr

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Delta: Mayor ignores Cr Vandervis’ official complaint

### ODT Online Fri, 14 Mar 2014
Land purchases report imminent
By Chris Morris
The findings of a major investigation into Delta’s multimillion-dollar land acquisitions at Jacks Point and Luggate are expected to be released next week.
However, exactly what the Office of the Auditor-general has found after more than a year investigating the purchases remained a closely-guarded secret yesterday. The report was due to be officially published by Parliament’s speaker – who would table the report at 2pm on Thursday – and it would appear on the Auditor-general’s website minutes later, OAG staff confirmed.
Read more

The OAG probe was to cover all aspects of the council-owned company’s decision to spend $14.12 million on property at Jacks Point, in Queenstown, and Luggate, near Wanaka, in 2008 and 2009. That included how and why the purchases were made, consideration of risks, compliance with legislation, and the identification and management of any conflicts of interest, the OAG said at the time. The OAG would also consider to what extent the Dunedin City Council – as the shareholder of Delta’s parent company, Dunedin City Holdings Ltd – was involved, and any other matters considered ”desirable” to report on. (via ODT)

Delta Utility Services Ltd: Directors past and present (go to Show History)
Delta Investments Ltd: Directors past and present (go to Show History)

Related Posts and Comments:
25.1.14 Stadium: Some helped it along, or themselves!
15.7.13 Delta, Carisbrook, Fubar Stadium —Councillors “weak”, or worse
12.7.13 Delta Utility Services Ltd, missing column…
9.7.13 Delta Utility Services Ltd, full investigation needed
18.12.12 Delta hasn’t fixed Union St West after EIGHT WHOLE MONTHS
█ 12.11.12 Delta purchases | Vandervis OAG complaint accepted
26.10.12 DCHL: New directors for Aurora, Delta, City Forests
11.9.12 Delta Utility Services Ltd
30.8.12 DCC seen by Fairfax Business Bureau deputy editor Tim Hunter
20.12.11 Delta and the GOBs #DCHL #DCC
18.11.11 Delta rebrand
26.8.09 DScene: Delta, STS, DCC larks
9.7.09 Delta dawn what’s that flower…

█ ODT 20.6.13 Lee Vandervis (opinion): Council firms must get back to basics
█ ODT 30.10.12 Mayor sees red over Vandervis questions

█ Fairfax | DScene publishes Cr Vandervis’ questions (page 3):
[click to enlarge]

For more, enter *dchl* in the search box at right.

Posted by Elizabeth Kerr

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Carisbrook Stadium Trust: Financial statements for the year ended 30.6.13

Received via Bev Butler
Wednesday, 12 March 2014 1:48 p.m.

The CST’s latest financial accounts – link to full financial statements and a copy of the summary below [click to enlarge].

CSCT Summary

Source:
[enter in your browser] *Carisbrook Stadium CT 30.6.13 signed Accounts.pdf*

Download: Carisbrook Stadium CT 30.6.13 signed Accounts (PDF, 255 KB)

For more, enter the terms *cst*, *csct*, *carisbrook*, *charitable*, *trust*, or *farry* in the search box at right.

Posted by Elizabeth Kerr

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Carisbrook Stadium Trust subject to LGOIMA

Received from Bev Butler
Thursday, 6 March 2014 5:27 p.m.

MESSAGE TO MEDIA WATCHING THIS BLOGSITE

Malcolm Farry has been misinforming media about the CST being subject to the Local Government Official Information and Meetings Act (LGOIMA).
Farry is incorrect when he states that the Carisbrook Stadium Charitable Trust (CST) is not subject to LGOIMA.
Attached are two legal opinions which both state that the CST is subject to the provisions of LGOIMA.
These were released to me by Paul Orders, former CEO of the Dunedin City Council (DCC), after I made a complaint to the Ombudsman.

In July 2008 I was making requests under LGOIMA about the stadium and was informed by the then CEO, Jim Harland, that the CST was not subject to LGOIMA. What Harland failed to tell me was that he had sought two legal opinions both of which state that the CST is subject to LGOIMA.

When I produced Harland’s email to the Ombudsman, the Ombudsman recommended that the Council release these opinions to me. Hence the attached legal opinions. It is not often that legal opinions are released because of legal priviledge but I guess in this case I had proved I was misled. It was part of the deceipt of withholding vital information from the public so that they could push the project through against the will of the community.

They lied from start to finish with this project and filled their pockets along the way –that’s why myself and others will continue to expose what happened. The whole process was so bloody cynical.

Returning to Farry, CST and LGOIMA, it is also clear under the Public Records Act 2005 that the Council is required to maintain full records etc as outlined below:

PUBLIC RECORDS ACT 2005
Requirement to create and maintain records

(1) Every public office and local authority must create and maintain full and accurate records of its affairs, in accordance with normal, prudent business practice, including the records of any matter that is contracted out to an independent contractor.

(2) Every public office must maintain in an accessible form, so as to be able to be used for subsequent reference, all public records that are in its control, until their disposal is authorised by or under this Act or required by or under another Act.

(3) Every local authority must maintain in an accessible form, so as to be able to be used for subsequent reference, all protected records that are in its control, until their disposal is authorised by or under this Act.

————————————————

From: Sandy Graham [DCC]
To: Bev Butler
CC: Letitia Parry @ombudsmen.parliament.nz
Date: Wed, 15 Feb 2012 16:04:50 +1300
Subject: Bev Butler re legal opinions – 14 Feb 2012.pdf – Adobe Acrobat Professional

Dear Bev

Please find attached the information regarding the LGOIMA peer reviews.

Regards
Sandy

DCC Letter to BButler 14.2.12

Full download: Bev Butler re legal opinions – 14 Feb 2012 (PDF, 949 KB)
• Cover letter from Paul Orders 14.2.12 (1 page)
• Letter from Anderson Lloyd 18.9.08 (3 pages)
• Letter from Simpson Grierson 25.9.08 (5 pages)

[ends]

For more, enter the terms *cst*, *csct*, *carisbrook*, *stadium*, *farry*, or *harland* in the search box at right.

Posted by Elizabeth Kerr

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DCC: New audit and risk subcommittee a little too late !!

Dunedin City Council – Media Release
Audit and Risk Subcommittee Appointment Made

This item was published on 26 Feb 2014

The Dunedin City Council has appointed the first of two independent members to its new Audit and Risk Subcommittee. Susie Johnstone, who is managing partner of accounting firm Shand Thomson, Balclutha, has been appointed by the Council as Subcommittee Chair.

Mayor of Dunedin Dave Cull says Mrs Johnstone has a great deal of experience leading audit and risk committees across a range of public sector entities. “We are very fortunate to have someone of Mrs Johnstone’s calibre on the Subcommittee. Her skills, attributes and knowledge will be of huge benefit to the Subcommittee’s work.”

Mrs Johnstone is Deputy Chair of the Otago Polytechnic Council and a director of REANNZ, which is responsible for the provision of an advanced high capacity internet service to the New Zealand research and education communities. She is a Fellow of the New Zealand Institute of Chartered Accountants and a member of its Governance Committee. She has also served on the boards of Tourism New Zealand, the Southland, Otago and Southern District Health Boards, the New Zealand Blood Service and the New Zealand Hockey Federation.

Mrs Johnstone says, “I am looking forward to working with Council and am supportive of their increasing focus on the governance aspects of audit and risk. These matters tend to fly below the radar until something doesn’t go so well so the Council is to be commended for taking the initiative in this area.”

The Audit and Risk Subcommittee has been set up to provide the Council with a degree of comfort that risk is being managed appropriately within the organisation. The Subcommittee’s responsibilities include risk management and internal control and it will oversee governance policies in areas such as conflict of interest, insurance, procurement, risk, fraud, and health and safety. It will also include oversight of the Annual Report.

The Subcommittee will report directly to the Council.

At this stage, the Subcommittee members are Mrs Johnstone, Cr Richard Thomson, Cr Hilary Calvert and Deputy Mayor Chris Staynes. The Council will shortly publicly advertise for a second independent member.

Contact Mayor of Dunedin on 03 477 4000.

DCC Link

Posted by Elizabeth Kerr

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Stadium costs, read uncapped multimillion-dollar LOSSES

Forsyth Barr Stadium critic Russell Garbutt, of Clyde, is not surprised by reports of looming stadium losses.

### ODT Online Wed, 26 Feb 2014
Opinion
Stadium costs predictable, so why the surprise now?
By Russell Garbutt
The ongoing revelations on stadium losses detailed today (ODT, 21.2.14) come as no surprise to anyone who has closely followed this debacle from when the Otago Rugby Football Union first gathered the Carisbrook working party together until now, when a succession of different managers, directors and councillors are all realising that what was promised is as chalk is to cheese.
While not directly specified in the article, the turnaround of an expected $10,000 profit to a $1,400,000 loss in 2014-15 is in the operational budget, and it seems Sir John Hansen, chairman of DVML, is putting most of the blame for this truly stupendous reversal of fortunes down to costs of running the stadium.

While ratepayers continue to face annual injections of over $9 million into the stadium, this is by no means the real figure.

The ”realities” of the real costs of running the stadium are now being recognised, it seems. But let us all just remember a few things that occurred when the stadium was being proposed and then built.
Read more

Related Posts and Comments:
11.2.14 Stadium: ‘Business case for DVML temporary seating purchase’
24.1.14 Stadium: It came to pass . . .
20.12.13 DVML: No harassment policy or complaints procedure, really?
3.12.13 DVML issues and rankles [Burden’s reply]
30.11.13 DVML in disarray
18.11.13 DVML: Burden heads to Christchurch #EntirelyPredictable
12.10.13 DVML works media/DCC to spend more ratepayer money
4.10.13 DVML . . . | ‘Make the stadium work’ losses continue
20.8.13 DVML foists invoices on DCC
20.6.13 Stadium: DVML, DVL miserable losers! #grandtheftdebt

For more, enter *dvml* or *stadium* into the search box at right.

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Carisbrook Stadium Trust: ‘Facts about the new Stadium’ (31.5.08)

The Marketing Bureau ForsythBarrStadiumImage: The Marketing Bureau

### dunedintv.co.nz February 24, 2014 – 7:16pm
Stadium proud of numbers despite opposition and projected losses
The Forsyth Barr Stadium is crowing over numbers through its gates, as the DCC debates a projected $1.4m loss for the facility.
Meanwhile, a stadium opponent is calling for reports from 2008 she says backed claims the stadium would run at a profit.
Ch39 Video

24 February 2014
Reports tabled at the meeting of the Dunedin City Council:

Report – Council – 24/02/2014 (PDF, 566.6 KB)
DVL Financials for the Six Months Ended 31 December 2013

Report – Council – 24/02/2014 (PDF, 638.8 KB)
DVML Financials for the Six Months Ended 31 December 2013

Report – Council – 24/02/2014 (PDF, 47.8 KB)
Statements of Intent – DCHL Group Plus DVL and DVML

Report – Council – 24/02/2014 (PDF, 276.4 KB)
Statements of Intent – Dunedin Venues Ltd

Report – Council – 24/02/2014 (PDF, 284.1 KB)
Statements of Intent – Dunedin Venues Management Ltd

Other reports

****

Media Release
Bev Butler
Monday 24 February 2014

TIME FOR SOME PLAIN, HONEST ANSWERS

Dunedin ratepayers are being informed by Sir John Hansen, Chairman of both Dunedin Venues Management Ltd and Dunedin Venues Ltd, that the projected $10,000 operating profit forecast for 2014-15 is now forecast to be a $1,400,000 loss, with similar or even greater losses forecast in future years. He puts this staggering reversal in fortunes down to the reality of costs of running the stadium, and few events occurring at the stadium.

But even these revelations don’t tell the full story of this stadium debacle and financial scandal.

Accompanying the annual injection of well over $9 million to run the stadium, are all of the costs of servicing the debt to build the stadium. Because these costs reside within DVL, they are not reported on in the DVML forecasts.

However some very basic questions remain unanswered.

Readers of the Otago Daily Times will recall a full-page advertisement placed by the Carisbrook Stadium Trust on the 31st of May, 2008, at the time the stadium project was being considered. Headed up “The Facts about the new Stadium”, it said: “The stadium will be profitable. The funding target establishes a debt free stadium. On this basis the business plan for the stadium shows that it makes a profit. Unlike nearly all other Council owned facilities it will not need annual funding support. This assessment has been confirmed by two of New Zealand’s leading accountancy firms.”

These statements are unequivocal and cannot be misinterpreted.

Bev Butler has, for over a year, had an official request in to Mr Malcolm Farry, Chair of the Carisbrook Stadium Trust, to supply the names of those two leading accountancy firms and for the documentation supporting the validity of the claims to build a debt-free stadium and for it to run at an annual profit. Mr Farry has so far failed to deliver that information as required under the requirements of the LGOIMA.

“Mr Farry leaves me no choice but to submit an urgent complaint to the Office of the Ombudsman. There is no reason whatsoever why Mr Farry shouldn’t supply this information, if it exists. Mr Farry has breached the requirement under LGOIMA to supply this information,” said Bev Butler.

How much notice was taken by members of the public and those Councillors and others who were considering whether it made sense to build a new stadium? Perhaps hard to assess. But surely it must not be too hard for Mr Malcolm Farry to reveal to Dunedin ratepayers just how it was that they would have a debt-free stadium and an annual profit instead of a stadium that is millions in debt and costing ratepayers further millions in its staggering operational losses.

[ends]

odt may 31 2008-1 (pdf cleaned)[click to enlarge]

Related Posts and Comments:
22.2.14 Carisbrook Stadium Trust costs
2.2.14 Stadium: ODT editorial (1.2.14) —Garbutt debunks myths
1.2.14 Stadium: ODT editorial (1.2.14) —“Palpable claptrap” says Oaten
27.1.14 Stadium: No 4 at interest.co.nz
24.1.14 Stadium: It came to pass . . .

For more, enter *cst*, *carisbrook stadium charitable trust*, *carisbrook stadium trust*, or *dvml* in the search box at left.

Posted by Elizabeth Kerr

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Carisbrook Stadium Trust costs

A 2009 cashflow report suggested the total trust and administration costs for CST for the project should be $3.7 million, but in the end they were $5.4 million. (PricewaterhouseCoopers)

### ODT Online Sat, 22 Feb 2014
Council payments to trust queried
By Debbie Porteous
A stadium opponent has questioned a series of historic administration cost payments from the Dunedin City Council to the trust in charge of the Forsyth Barr Stadium’s development. Bev Butler says it remains unclear what exactly the payments to the Carisbrook Stadium Trust (CST)*, mostly labelled ”trust costs”, were for. The payments, ranging from $40,000 to $80,000 a month, were made between 2007 and 2011.
Read more

*Properly known as the Carisbrook Stadium Charitable Trust (CSCT)

Related Post and Comments:
24.1.14 Stadium: It came to pass . . .

****

Malcolm Farry re-imaged [scene.co.nz] 1[back file]
### ODT Online Mon, 12 May 2008
Stadium Trust heads to regions
By Hamish McNeilly
Representatives from the Carisbrook Stadium Trust will venture south this week, hoping to persuade people to not only support the project – but also pay for some of the Awatea St stadium. Trust chairman Malcolm Farry said the tour would be an opportunity to discuss the project and detail some of the packages available. Read more

Posted by Elizabeth Kerr

*Image: scene.co.nz – Malcolm Farry (re-imaged by whatifdunedin)

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Stadium Turf: Ox with a passion

Published 19 Jan 2014. Dunedin NZ.

Ox | Forsyth Barr Stadium | Insiders Dunedin
Groundsman at Forsyth Barr Stadium, Brendan Eathorne (Ox), is pretty sure he has the best job, in the best stadium in the world. This clip shows Forsyth Barr Stadium from the unique perspective of someone who knows it from the ground up. Video by Motion Sickness Studio.

Related Posts and Comments: (some passing mentions)
3.12.13 DVML issues and rankles [Burden’s reply] (see comment)
30.11.13 DVML in disarray (see comment)
6.2.13 Editorial bias
30.10.12 Stadium turf-day +@#!$%^*&
26.1.12 Stadium debt goes to 40-year term
20.12.11 “High Performance Sport NZ Dunedin Centre” (NZ Turf)
3.8.11 D Scene broke the news (see comments)
15.3.11 Cr Dave Cull speech to Town Hall Meeting (delicious)
18.2.11 “Malcolm, it’s about stadium DEBT”
13.10.10 What to say: “reinforced grass”
23.9.10 Stadium: “Grass grows better inside than outside”
23.4.10 Stadium tenders, turf + future of Carisbrook
21.4.10 Stadium GMP clarification
28.7.09 Stadium turf

Posted by Elizabeth Kerr

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Stadium: ODT editorial (1.2.14) —Garbutt debunks myths

### ODT Online Sat, 1 Feb 2014
Editorial: Business, or community asset?
The Dunedin City Council has been grappling with Forsyth Barr Stadium issues this past week. Fundamentally, they stem from the fact the economics of running the stadium are far worse than initially projected, an outcome that should surprise few. Many stadiums around the world struggle financially and Dunedin’s is no exception.
Read more

****

Comment received from Russell Garbutt
Sunday, 2 February 2014 9:07 p.m.

The Editorial asks a question but answers it in the way to be expected, but unfortunately the arguments that the Editor uses are at best specious, and perhaps are nothing other than a rather obvious way to influence those that are now coming to grips with the review.

Let us debunk a few myths. I attended a number of meetings where Mr Farry presented and the rationale for the stadium altered dependent on the audience. I vividly recall a meeting of University staff held in Burns 1 chaired by the previous Vice Chancellor, Sir David Skegg, where Mr Farry said that it really was a stadium for the University. I attended other meetings where the stadium was to be built as a venue for regular and spectacular travelling rock shows. But it was always a professional rugby stadium.

The biggest elephant in this room is the myth that the stadium — whatever its purpose — was to be built debt free, and would require no ratepayer funding as it would generate a profit each and every year. For the ODT to compare this project with something like Moana Pool is plainly just stupid.

As others have pointed out, anyone can use Moana Pool at any time of day or a big portion of the night and they can do so on almost every day of the year. Thousands use it every day and it is truly a community amenity. The stadium is off limits and the only ones that can use it as they wish are the professional rugby teams.

Just why the ODT and the proponents of the stadium have not talked to Mr Farry, Sir Edgar, and the other members of the Carisbrook Stadium Trust (CST) to clarify with them exactly how the stadium was to be provided and run at NO ratepayer cost, is a mystery. Maybe it is because the ODT know that the promises made to do exactly that were nothing other than wishful thinking. But then again, at that crucial time, the CST informed us that two leading New Zealand accountancy firms supported the CST promises. Maybe instead of continuing to support the stadium, the ODT would be best to do some investigative work and find out just why these two firms believed that the CST was on sure ground.

While it might be hard for the ODT and other proponents of the stadium to have to admit that those that saw the actions of the CST in a different light to them and have been proven to be right in every area of concern, it is plainly ridiculous to now adopt the view that stadiums always lose money and so we shouldn’t be worried. That is not what was promised and that is not what has happened.

[ends]

Related Posts and Comments:
1.2.14 Stadium: ODT editorial (1.2.14) —“Palpable claptrap” says Oaten
29.1.14 Stadium: Brent Edwards cuts the grass (ODT 29.1.14)
27.1.14 Stadium: No 4 at interest.co.nz
25.1.14 Stadium: Some helped it along, or themselves!
24.1.14 Stadium: It came to pass . . .
17.1.14 Garrick Tremain: Our Stadium
26.11.13 Russell Garbutt: DCC, stadium failings
7.10.13 DCC councillors, no idea annual cost of owning, operating FB Stadium

For older posts, enter *stadium* in the search box at right.

Posted by Elizabeth Kerr

*Image: dunedintv.co.nz – Russell Garbutt re-imaged by Whatifdunedin

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Stadium: ODT editorial (1.2.14) —“Palpable claptrap” says Oaten

### ODT Online Sat, 1 Feb 2014
Editorial: Business, or community asset?
The Dunedin City Council has been grappling with Forsyth Barr Stadium issues this past week. Fundamentally, they stem from the fact the economics of running the stadium are far worse than initially projected, an outcome that should surprise few. Many stadiums around the world struggle financially and Dunedin’s is no exception.
Read more

****

Calvin Oaten [odt.co.nz] 7cComment received from Calvin Oaten
Submitted on 2014/02/01 at 1:56 pm

The ODT must have gotten a special on ‘lipstick’, because the Editor has really applied it thick and heavy on this “Pig”. I must go past and have another look at the shade. The last time I saw it was the same old ‘deathly pallor’, befitting its purpose in life.

He says: “Before too long the Stadium might well even struggle to meet operating costs, many of which are fixed.” What sort of statement is that, when it is acknowledged that the ratepayers at present pay $9.125m each year (pa) towards stadium related costs? Right there is a full barrel of ‘lipstick’.

● $144m of debt at 6% pa is $8.6m pa, Capital debt paid in 18 years (as Dave Cull claims) is $8m pa. Total $16.6m pa.

● Then there are the council contributions of $750,000 pa for community use subsidy, plus $400,000 pa events attraction fund. Total $17.75m pa.

● Then there are the Accumulated deficits of DVL and DVML amounting to $16.373m (see both annual reports ‘change in equity’ sections).

All up, the stadium hole is $34 million pa deep.

● Oh, and let’s not forget (as it often is) the High Performance Sports Centre, built on the NE side of the stadium. It was funded by the DCC on the basis of the HPSC paying all costs in order to clear the debt within ten years. This was reputed to cost the HPSC around $850,000 pa. Shortly after, a quiet motion was put to council that it should make an annual grant to HPSC of $850,000 pa, and it was readily approved by the council of the day. So there goes another bundle of ratepayers’ treasure.

We won’t even mention SH88 or the Carisbrook fiasco.

The Editor then says, “the councillors and the people of Dunedin will have to understand the stadium’s valuable place in the city’s extraordinary range of community – educational, cultural and sporting – facilities. It is a valuable community asset.”

Palpable claptrap. If the stadium suddenly disappeared in a puff of smoke (we wish) the only thing put out would be Super15, ITM cup and Test rugby. Nothing else, fullstop. Cricket, University Oval, Soccer, Caledonian Ground. All other sports, including lower grade rugby are well and truly catered for. Concerts, the Town Hall/Regent Theatre/Mayfair Theatre. Basketball and Netball, Edgar Centre/Lion Foundation. Swimming, Moana Pool.

Seriously, the stadium is an incredibly expensive arena foisted upon the citizens by a small, very determined group of ‘rugby nutters’, and that is the truth of the matter. The editorial in today’s ODT is nothing more than a ‘hollow attempt’ to put a case for the stadium as an asset, based on nothing but falsehoods and ‘mystical’ dreams. That it will mislead a lot of more deserving citizens is the shame of it all.

[ends]

Related Posts and Comments:
29.1.14 Stadium: Brent Edwards cuts the grass (ODT 29.1.14)
27.1.14 Stadium: No 4 at interest.co.nz
25.1.14 Stadium: Some helped it along, or themselves!
24.1.14 Stadium: It came to pass . . .
17.1.14 Garrick Tremain: Our Stadium
26.11.13 Russell Garbutt: DCC, stadium failings
7.10.13 DCC councillors, no idea annual cost of owning, operating FB Stadium

For older posts, enter *stadium* in the search box at right.

Posted by Elizabeth Kerr

*Image: odt.co.nz – Calvin Oaten re-imaged by Whatifdunedin

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Leave Otago white collar criminals ALONE, and other unfairness

AnneTolley PaulaBennett [3news.co.nz + zimbio.com]Ministers: Anne Tolley & Paula Bennett

### ODT Online Mon, 15 Jul 2013
Proceeds of crime forfeited
By Hamish McNeilly
Police have seized millions of dollars worth of assets – including almost $1 million from criminals in Otago and Southland – since a tough new law came into force. The Criminal Proceeds (Recovery) Act took effect on December 1, 2009. Assets worth an estimated $29 million have been forfeited, including cash ($10.48 million), properties ($13.67 million) and vehicles ($2 million). […] Figures released to the ODT under the Official Information Act show 14 assets with an estimated value of $862,105.22 have been forfeited in the Southern district.
Read more

● Whereabouts of Michael Swann assets?
People can contact Dunedin police on (03) 471-4800 or via the anonymous Crimestoppers line, 0800-555-111.

Posted by Elizabeth Kerr

*Images: 3news.co.nz – Anne Tolley, zimbio.com – Paula Bennett

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Delta, Carisbrook, Fubar Stadium —Councillors “weak”, or worse

ODT Letter to the editor 15.7.13 (page 8) 1ODT Letter to the editor 15.7.13 (page 8)

Related Posts and Comments:
13.7.13 New Zealand: Salmond on democracy
12.7.13 Hudson, DCC (ex DCHL)
12.7.13 Delta Utility Services Ltd, missing column . . .
10.7.13 Stadium: Edgar will honour $1M personal pledge to project
9.7.13 Delta Utility Services Ltd, full investigation needed
7.7.13 DCHL changes lack transparency —where’s the report, Shale?
4.7.13 Carisbrook: DCC losses
3.7.13 [Pulled!] Call for Dunedin stadium cash
29.6.13 Audit NZ and OAG clean bill of health —Suspicious!
27.6.13 State of the City —DCC or Dunedin?
20.6.13 Stadium: DVML, DVL miserable losers! #grandtheftdebt
8.6.13 Stadium: Insurmountable debt but gosh, look at our numbers!
28.5.13 Carisbrook: Auditor-General #fails Dunedin residents and ratepayers
27.5.13 Carisbrook and Leith flood protection
23.5.13 Carisbrook: Calder Stewart to demo Dunedin’s historic stadium
11.5.13 Stadium: Truth, usual whitewash or prosecution ?

*Use search box at right to find out more.

Posted by Elizabeth Kerr

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Stadium: Edgar will honour $1M personal pledge to project

KUDOS to Dunedin’s Bev Butler for putting the pressure on !!!

Thanks to Wilma McCorkindale (Fairfax) for professional follow-up

Queenstown Mirror 10.7.13 (page 1)

Queenstown Mirror 10.7.13 (page 1 detail)Queenstown Mirror 10.7.13 (page 2 detail)

#bookmark page 1
#bookmark page 2

DScene 13.5.09 (page 9) Eion Edgar c3### DScene 13 May 2009
The Insider: Big questions answered
Mr Generous isn’t slowing down
Winter Games NZ chairman Eion Edgar | Interviewed by Ryan Keen
COMMUNITY-MINDED Queenstown-based businessman Eion Edgar, who retired as New Zealand Olympic Committee president last week and left a $1 million donation, on his support for knighthoods, backing Blis and why he’s not slowing down. #bookmark page 9

DScene 13.5.09 (page 9) merge

Related Post and Comments:
3.7.13 [Pulled!] Call for Dunedin stadium cash

Posted by Elizabeth Kerr

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[Pulled!] Call for Dunedin stadium cash

via google

Eion Edgar re-image [3news.co.nz]### stuff.co.nz Wed, 3 July 2013 [circa 4:00pm]
Dunedin stadium fund needs Sir Eion Edgar’s pledge
By Wilma McCorkindale
The pressure is on Otago philanthropist Sir Eion Edgar to stump up with the $1 million donation he pledged to Dunedin’s stadium.

Link was live 2 hours ago… story pulled. Oh dear.

[That’s a major chunk of money promised, philanthropically speaking. An explanation and clarification is needed for the donation that did not eventuate. We’re waiting.]

Copy supplied by Anonymous
Wednesday, 3 July 2013 9:43 p.m.

stuff.co.nz 3.7.13[screenshot]

Posted by Elizabeth Kerr

*Image: 3news.co.nz – Eion Edgar (reimaged by What if)

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Filed under Business, CST, DCC, DVL, DVML, Economics, Hot air, Media, Name, ORFU, People, Pics, Politics, Project management, Property, Site, Sport, Stadiums, What stadium

Stadium: Truth, usual whitewash or prosecution ?

stadium-header 2Waiting for the watery blue ink . . .

This is the test of DCC chief executive Paul Orders, firstly.
The rotten council (politicians and staff), secondly.
Conniving DCTL and DCHL, thirdly.

The following item is reproduced in full, in the public interest.

### ODT Online Sat, 11 May 2013
Council report to cover stadium review issues
By Chris Morris
One year to the day since a multimillion-dollar overspend on the Forsyth Barr Stadium was confirmed, the Dunedin City Council is preparing to reveal the lessons learned from the project. Council chief executive Paul Orders yesterday told the Otago Daily Times issues arising from the PricewaterhouseCoopers review of stadium spending would soon form part of a pre-election report to councillors.

The report – a requirement since changes to the Local Government Act in 2010 – would consider the impact of major projects dealt with by the council in recent years, and any lessons learned, he said. That would include the controversial stadium project, given the significance of the PWC report’s findings, he said. ”The PWC report was one of the milestone reports published by the council over recent years, so clearly, its significance will need to be reflected in my pre-election report.”

Mr Orders’ report would be given to councillors by August 2, and made public before the local body elections in October.

His comments came after PWC staff concluded a major study into stadium costs on May 11 last year by revealing an $8.4 million overspend, together with $18 million in interest not previously included in construction costs. The overruns, unauthorised spending and interest together pushed the total cost of the stadium up from $198 million to $224.4 million.

PWC director Stephen Drain said at the time responsibility for authorising the overspend lay with the council’s ”management executive”. Mr Orders – then only months into his new role – was asked at the time if heads should roll, but said he needed time to study the findings ”coolly and calmly”. There has been no public comment on the report’s findings since then.
ODT Link

Posted by Elizabeth Kerr

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Filed under Business, Construction, CST, DCC, DCHL, Design, DVL, DVML, Economics, Media, Name, ORC, ORFU, People, Politics, Project management, Property, Site, Sport, Stadiums