Tag Archives: Funding issues

The realm of accountants…

Not long ago we were told by council sources the $66 a year may spin out to more years of ratepayer contribution than anticipated if the cost of the project grew significantly. That’s not alluded to here.

### ODT Online Thu, 20 Aug 2009
$66 a year ‘demonstrably incorrect’
By David Loughrey

An assurance the Forsyth Barr Stadium will cost the average ratepayer no more than $66 a year cannot be true, when other costs for the project have increased, Stop the Stadium’s counsel Len Anderson says.
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Filed under Economics, Hot air, Politics, Project management, Stadiums, STS, What stadium

Calvin Oaten: "a very bad project at a very bad time, made by a seriously negligent council"

### ODT Online Sun, 31 May 2009
Opinion: Your Say
Budget and Stadium
By Calvin Oaten

An open letter to Mr English and PM Key:

Mr English, dear sir,
I have followed with interest your presentation of the budget with all the qualifying comments pertaining to the protection of the country’s economy during these stressful times…
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Mr Oaten goes on to discuss funding for the stadium, including the effect of government’s $15 million grant to part bridge the shortfall in private sector funding.

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Filed under Architecture, Economics, Geography, Hot air, Media, Politics, Stadiums