Tag Archives: Community use

Stadium: DVML, DVL miserable losers! #grandtheftdebt

### ch9.co.nz June 20, 2013 – 6:18pm
DVML forecasts small profit
The company that runs Forsyth Barr Stadium has forecast a small surplus for the first time in 2015. DVML has been running at a loss, but forecasts that will change to a $10,000 surplus. But the company that owns the stadium, DVL, has forecast its loss will be about $1 million more than expected, at more than $5 million. DCC chief executive Paul Orders said both were just projections, and the DVL loss was due to tax changes. The forecasts will be considered by the council on Monday.
Ch39 Link [no video available]

SURPRISE
Reports for the Council meeting to be held on Monday 24 June 2013 at 1pm not yet available at the DCC website.

Posted by Elizabeth Kerr

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Filed under Business, Concerts, DCC, DCHL, DVL, DVML, Economics, Events, Hot air, Media, ORFU, People, Politics, Project management, Property, Site, Sport, Stadiums, What stadium

Stadium: DCC runs amok with $750K annual subsidy to DVML

Updated Post 12.12.12 2:30am

Dunedin City Council has voted for ratepayers to substantially subsidise the multimillion dollar loss-making stadium operation!

The local body elections take place in October 2013 !!!

### ODT Online Tue, 11 Dec 2012
$750,000 a year for community use of stadium
By Chris Morris
Details of a deal under which the Dunedin City Council will spend $750,000 a year to subsidise greater community use of the Forsyth Barr Stadium have been confirmed. Councillors at yesterday’s full council meeting voted to accept a new service level agreement between the council and Dunedin Venues Management Ltd, the company running the city’s loss-making roofed venue.

Council chief executive Paul Orders said the agreement would be ”a holding position” until the outcome of the wider review was known. Despite opposition from Crs Thomson, Vandervis and Teresa Stevenson, councillors voted 11-3 to approve the agreement.

The agreement confirmed the council would pay $750,000 a year to DVML in return for enhanced access to the venue – at reduced or no cost – for community groups. The extra funding was first agreed by councillors in May, but the service level agreement – detailing the requirements of each party as part of the deal – was only ready to be endorsed by councillors yesterday.
Read more

Report – Council – 10/12/2012 (PDF, 141.1 KB)
Service Level Agreement between the Dunedin City Council and Dunedin Venues Management Ltd

Posted by Elizabeth Kerr

131 Comments

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