THIS DOESN’T SINK NEWS OF LATEST DELTA FINANCIAL BLOWOUT – NOBLE VILLAGE SUBDIVISION
I experienced Fleetwood Mac at Western Springs, Auckland in the 1980s, there is no way I want to see them live now in a crap-for-sound covered stadium at Dunedin. This cat has already eaten the cream. I might see them at Mt Smart, however.
How much has DCC/DVML paid to the promoter to get the band here?
They’ve spent $350,000 on tired roller Rod Stewart, who has yet to perform.
### ODT Online Fri, 20 Mar 2015
Fleetwood Mac to play Stadium
By Chris Morris
The rumours are true — Fleetwood Mac is coming to Dunedin. It was confirmed yesterday the group, one of the world’s best-selling bands, will perform its only South Island show at Forsyth Barr Stadium on Wednesday, November 18. Tickets costing between $100 and $300 plus fees will go on public sale from 10am on April 1, and a bumper crowd is predicted to pump millions of dollars into Dunedin’s economy. The British-American group’s Dunedin show will feature all five original band members, with Christine McVie having reunited with Mick Fleetwood, John McVie, Lindsey Buckingham and Stevie Nicks.
Fleetwood Mac – The Dance -1997 – Gypsy
CroNix99 Uploaded on May 26, 2010
Fleetwood Mac – Rhiannon – The Dance -1997
CroNix99 Uploaded on Jul 2, 2010
Fleetwood Mac – Landslide – 2004
Live In Boston – Say You Will Tour
CroNix99 Uploaded on May 27, 2010
Posted by Elizabeth Kerr
*Image: Fleetwood Mac – Christine McVie rejoining Fleetwood Mac 12.1.14 [pitchfork.com]
Filed under Business, Concerts, DCC, DCHL, DCTL, Democracy, DVL, DVML, Economics, Events, Geography, Hot air, Media, Name, New Zealand, People, Politics, Project management, Property, Site, Stadiums
Dunedin City Council – Media Release
Dunedin City Holdings Limited Half Year Result to 31 December 2014
This item was published on 27 Feb 2015
The Dunedin City Holdings group is reporting an improved profit after tax and higher operating cashflows in its half year result, compared to the same period last year.
For the six months to 31 December 2014, total revenue increased by 9%, to $128.3 million. This was due to strong income growth from across the group.
The profit after tax has increased 17% to $10.1 million from $8.7 million for the same period last year.
Cashflows generated by the operations of the group were $96.4 million which was $4.4 million higher than for the six-month period last year. Capital expenditure for the group was $4.1 million higher than at the same time last year.
Term borrowings (including the term debt due to mature within the next year) have decreased by $25.8 million to $586.5 million. These borrowings include debt held with the Dunedin City Holdings (DCHL) group, DCC operations and the Forsyth Barr Stadium companies as they all flow through Dunedin City Treasury Limited, a DCHL group company.
DCHL Chairman Graham Crombie says, “The first six month of this financial year have produced a pleasing result for the group. Cashflow within the group is strong, the profit is higher and debt has reduced. This is a good outcome for shareholders, the ratepayers of Dunedin.”
Aurora Energy Ltd has had a good start to the financial year, being ahead in revenue and with a higher profit than last year. This is helped by higher demand at present in Central Otago due to additional irrigation activity.
Delta Utility Services Ltd profit is slightly down on last year, but revenue has continued to grow. Last year’s results were influenced by the discontinuation of some activities within the group.
Dunedin International Airport Ltd profit was up compared to last year. Changes in capacity at the Airport continue to be a challenge for the company.
Taieri Gorge Railway Ltd is performing better than at the same time last year. The tourism market has picked up. Some of this has been due to the timing of the cruise ship session being earlier this year than last.
City Forests Ltd profit for the first six month period has reduced. Log prices have fallen from the highs last year. The drop in the New Zealand dollar has assisted the company recently.
Dunedin Venues Ltd and Dunedin Venues Management Ltd do not form part of the DCHL reporting group. Their results, however, have also been released for the six month period.
Dunedin Venues Ltd trading was very close to its result for the same period last year. For Dunedin Venues Management Ltd, revenue was on budget for the first six months ($3.9 million) which was slightly down on same time last year ($4.1 million). The loss for the first six months was $1 million. The company expects to makes its budget for the full year.
█ The half year reports can be found at http://www.dunedin.govt.nz/dchl
Contact Chairman, Dunedin City Holdings Limited on 03 477 4000.
Posted by Elizabeth Kerr
Filed under Business, DCC, DCHL, Delta, DVL, DVML, Economics, Name, New Zealand, People, Politics, Project management, Property, What stadium
Received from Lee Vandervis
Sun, 14 Dec 2014 at 10:42 a.m.
Message: I have been advised by Nick Smith that the ODT Editor will not print my letter as below.
You may well have ideas on what the reasons for rejection may be.
ODT 10.12.14 Letter to the editor (page 14)
—— Forwarded Message
From: Lee Vandervis
Date: Thu, 11 Dec 2014 15:43:28 +1300
To: EditorODT, Nicholas G S Smith [ODT], Dave Cannan [ODT]
Conversation: Stadium liability
Subject: Stadium liability
Despite all the evidence, contributors like Bev Diehl still have everything wrong regarding the Stadium.
We do not “have it” – it has us till it is paid for. In the meantime the lenders have it and us by the debt short and curlies.
It is not “an asset” but a rates liability. We are not having major artists, they occasionally have us, as in the estimated $6 million Elton took back overseas for his one-off no-charge use of the Stadium. The mostly empty stadium has other events, mostly rugby, which are heavily subsidised by rates bail-outs and differential, Community Access fund, Event Attraction fund, and millions in interest, staff and maintenance payments. The DCC Stadium Review Committee was stacked with Stadium Management who recently succeeded in again increasing funding for their already wasteful operational spending.
Everything can never “fall into place”, until Stadium operational costs are reduced to the bare minimum required for the rare large events that only the Stadium can host, now that Carisbrook has been levelled.
Cr. Lee Vandervis
—— End of Forwarded Message
Perhaps an inkling here, Lee ?
Ch39 News (11.12.14) talks to Phil Somerville about the ODT Opinion page.
We’re told it’s about bringing forth ideas. Different views from different perspectives – but STOP.
What are some of the main recurring topics?
“Often they tend to be on the main news of the day. For a while of course they were on the stadium, try to avoid that now, most views are extremely entrenched. Probably could run something on climate change every week….”
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Posted by Elizabeth Kerr
Filed under Business, DCC, Democracy, DVL, DVML, Economics, Events, Highlanders, Hot air, Media, Name, New Zealand, NZRU, ORFU, People, Politics, Project management, Property, Site, Sport, Stadiums