Tag Archives: False multipliers

Truthful Letters : Stadium + DCC #toobadaboutmayoralreply

ODT 27.7.16 (page 12)

ODT 27.7.16 Letters to editor Oaten Whiley p12 (1)[click to enlarge]

DEPLORABLE MULTIPLIERS [what more do we need ?]

The god awful millstone stadium is due to have its 5th birthday soon – ODT will be saturated, note bilge leaking into the Op-ed pages, already.

WE ONLY CARE ABOUT . . . .
THE UNMITIGATED UNPRINCIPLED FLOW OF RATEPAYER MONEY AT +$20MILLION PA to subsidise the Stadium, DVML/DVL, Professional Rugby and Grey Hair Events —meanwhile draining council owned company Aurora Energy of development capital sufficient to satisfy the regulator of lines companies, the Commerce Commission.

It is wrong. Criminal. (metaphorically!)

****

### dunedintv.co.nz Wed, 27 Jul 2016
Your word on local body elections
The Dunedin City Council is set to have some fresh blood in its midst with five current councillors confirming they won’t seek re-election. Many of those not standing have cited the large workload and increasing bureaucracy as a job deterrent. With that in mind our Word on the Street team asked the public whether they care about the upcoming local body elections.
Ch39 Link

Channel 39 Published on Jul 26, 2016

Posted by Elizabeth Kerr

Election Year. This post is offered in the public interest.

36 Comments

Filed under Business, DCC, Democracy, Dunedin, DVL, DVML, Economics, Finance, Media, Name, New Zealand, NZRU, OAG, Ombudsman, ORFU, People, Politics, Public interest, Stadiums, Travesty

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