Tag Archives: Financials

Stadium #TotalFail

### ODT Online Fri, 14 Nov 2014
Opinion: Your say
Learning from stadium-related mistakes
By Rob Hamlin
One of the few good things about making mistakes is that you can learn from them, and avoid making the same kind of mistake again.
It is pretty clear that the FB Stadium has been a mistake on the part of the Councillors that voted for it. It has not come close to delivering the economic or social benefits that were predicted by its backers at the time. The figure arrived at in an earlier response to the above article [ODT Online] of $22 million loss per year, appears to be about right for this facility’s current annual cost to the community once all the cross-subsidies and clever fiscal two steps have been eliminated. On the social front, unlike the Moana Pool and Edgar Centre facilities that it is often compared with, the Stadium lies empty 95%+ of the time. Both these failures might just be forgiven if it was an attractive structure – but the Taj Mahal it ain’t.
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Another oft-cited council asset…….

New Zealand Division II Swimming, 11 April 2012 Moana Pool | Swimming New Zealand

### ODT Online Sat, 15 Nov 2014
Party to mark long success of sporting and social hub
By Chris Morris
Moana Pool’s golden jubilee is to be marked with a splash, and Mayor Dave Cull is confident the facility has plenty of life still left in it. The 50th anniversary of the pool’s opening on November 14, 1964, was celebrated yesterday with the unveiling of a photographic exhibition of the pool’s early days.
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The ‘convenient’ shonky comparison lives on…….

### ODT Online Sat, 15 Nov 2014
Moana Pool paid off, despite price
By Chris Morris
Forsyth Barr Stadium is not the first controversial building to capture headlines in Dunedin. Fifty years ago, a decade of debate, disagreement and concerns about the cost preceded the opening of Moana Pool.
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█ For more, enter *stadium*, *dvml*, *review*, *terry davies*, *directors* or *rugby* in the search box at right.

Posted by Elizabeth Kerr

33 Comments

Filed under Architecture, Business, Construction, DCC, DCHL, DCTL, Delta, Democracy, Design, DVL, DVML, Economics, Enterprise Dunedin, Events, Hot air, Media, Name, New Zealand, NZRU, ORC, ORFU, People, Politics, Project management, Property, Site, Sport, Stadiums, Town planning, University of Otago, Urban design

DVML: Two directors gone before release of stadium review

Last week at DCC I was asked if I knew Rolfe and Brown had left DVML, I did not although I was aware of the advertising for new directors (see previous posts).
In the ODT story we’re privileged to see the misguided views of Ms Rolfe in lights (what an asset… not meaning the lights!) —hard being the token woman, brain cells would help. And Mr Brown why he can easily think of better boards to decorate, it’s very wise that he moves on.
Public release of the council’s stadium review is now past due. Of course, Dunedin City Holdings Ltd chairman Graham Crombie has diligently attempted to water down the report. A pale shadow by the time it hits the council table then goes public. The unpalatables. And Mr Hansen?

### ODT Online Wed, 12 Nov 2014
Confirmation DVML losing two directors
By Chris Morris
An outgoing director responsible for Dunedin’s Forsyth Barr Stadium says she is leaving with high hopes for the future of the venue.
Jen Rolfe, a Dunedin Venues Management Ltd board member, is one of two directors confirmed to have resigned, along with Peter Brown. The pair’s exit, to be signed off at a DVML board meeting next week, were confirmed yesterday in response to questions from the Otago Daily Times.
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Related Posts and Comments:
8.10.14 Stadium: Liability Cull warns ratepayers could pay more to DVML
6.10.14 Stadium misses —like it would ever happen, Terry
4.10.14 DCHL & DVML: Call for directors
30.9.14 DCHL financial result
25.9.14 DVML on Otago Rugby and Rod
13.9.14 DVML and ORFU refuse to disclose 2012 Otago Rugby deal
10.9.14 Stadium: Behaviours at Suite 29 (intrepid tales)
18.6.14 Crowe Horwath Report (May 2014) – Review of DVML Expenses

For more information, enter the terms *dvml*, *terry davies*, *dchl*, *review* or *stadium* in the search box at right.

Posted by Elizabeth Kerr

7 Comments

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