Tag Archives: Guaranteed maximum price

SUNK Stadium: TOO MUCH ratepayer money going west STOP

Garrick Tremain – 11 May 2012


The point is $224 million is not the TRUE COST. It is FAR HIGHER. Dunedin City Council must stop all OBFUSCATION. Open the books to a full independent forensic audit of the council and related entities NOW.

Meantime, close the stadium to stem the losses.

### ODT Online Fri, 11 May 2012
Budget blowout pushes stadium cost to $224m
By Chris Morris
The final cost of the Forsyth Barr Stadium has risen to $224 million, after independent auditors uncovered a budget blow-out of more than $8 million, it has been confirmed. The findings showed the stadium’s capital cost had risen by $8.4 million, from $198 million to $206.4 million. Interest accrued during the stadium’s entire construction period, as loans began to be drawn down, also hadn’t been included in costs.

The $8.4 million overspend meant costs exceeded budgets by 4.2%.

The PWC review did not seek to apportion blame, but findings had been passed to council chief executive Paul Orders, who told reporters he would study them “coolly and calmly”.
Read more

Posted by Elizabeth Kerr

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Malcolm Farry: “Embrace the vision”

### ODT Online Mon, 30 Aug 2010
Opinion: ‘News’ already in the public domain
By Malcolm Farry
A recent front page article in the Otago Daily Times highlighted items not included in the Forsyth Barr Stadium’s main construction contract. Malcolm Farry points out this information was already in the public domain and suggests the article carried unfortunate implications.

Over the past four years, I have become accustomed to being called at home by members of the public wanting a “chat” and to share their contrasting views on the merits of the Forsyth Barr Stadium project. However, these exchanges reached a new level of intensity following the Otago Daily Time’s article on August 12 under the headline “Stadium extras to cost in millions”.
Read more

-Malcolm Farry is chairman of the Carisbrook Stadium Charitable Trust.

Post by Elizabeth Kerr

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April 19: Councillors invited to South Dunedin public meeting

### ODT Online Fri, 10 Apr 2009
Stadium: last chance to quiz councillors

By Brenda Harwood

A public meeting in South Dunedin will give local residents one last chance to express their opinion on the Awatea St stadium ahead of the final decision day for city councillors, April 20.

South Dunedin city councillors have been invited to attend the public meeting at 7pm next Sunday, April 19, at Caversham Presbyterian Hall, 61 Thorn Street.

All four South Dunedin councillors would have the opportunity to speak at the meeting, while hearing directly from ratepayers. A facilitator would ensure the meeting remained orderly.

Read more online here;

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April 20: DCC Extraordinary Meeting

### ODT Apr 9, 2009 (page 4)
What happens next
The Dunedin City Council will hold an extraordinary meeting on April 20, at 9am, to decide whether or not to sign a contract with Hawkins Construction to build the stadium.

The February 9 Resolutions
The Dunedin City Council voted to commit to the stadium project on the following terms and conditions:

{Continues in print and digital versions}

See also http://www.odt.co.nz/news/dunedin/50932/chin-responds-stadium-questions

Posted by Elizabeth Kerr

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Mayor: Questions and answers 2

### ODT Online Thu, 9 Apr 2009
Chin responds to stadium questions (part 2)

By David Loughrey

The recent meeting organised by Stop the Stadium at the Dunedin Town Hall, attended by 1800 people, raised as many questions as it answered. So, what is the council’s response?

Read More Online Here…

Go to answers and other comments at ODT

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D Scene says

### D Scene 8-4-09 page 3
There’s time
By Ryan Keen

Let’s face it – the only reason Dunedin city councillors and Mayor Chin don’t want a referendum on whether the public should fund the planned megabucks stadium is they’re afraid of the result.
{continues}

Register to read D Scene online at http://fairfaxmedia.newspaperdirect.com/

### D Scene 8-4-09 page 9
Scrutiny of stadium contract clauses
By Michelle Sutton

A recommendation on the fixed price construction contract to build planned $200 million Otago Stadium is being thrashed out behind closed doors over the next week or two.
{story continues}

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April 20 stacked to hell

### ODT Online Tue, 7 Apr 2009
Stadium: councillors get final say
By David Loughrey
Dunedin city councillors have been assured no contract will be signed with main stadium contractor Hawkins Construction until the matter goes to a vote on April 20.
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Posted by Elizabeth Kerr

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Channel 9: "Lifting the lid"

### Channel 9 Online March 30, 2009 – 7:18pm
The Great Stadium Debate: Episode 6

Channel 9 covered the recent Stop The Stadium organised speeches made at the Dunedin Town Hall on Sunday, March 29th as part of its “Great Stadium Debate” series.

This event became Episode 6 in the series and was titled “Lifting the Lid” on the Otago Stadium.

View

DVD copies of the coverage are available from the station. Call (03) 474-7474 to reserve your copy.

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Stadium contract

### ODT Online Mon, 6 Apr 2009
Stadium contract may be days away

By Mark Price

A conditional contract to build the $198 million Awatea St stadium could be signed within days.

Carisbrook Stadium Trust chairman Malcolm Farry said yesterday the trust would meet today to consider the contract it had been negotiating since February with Hawkins Construction.

Read More Online Here…

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Citywide referendum called for

UPDATE
### ODT Online Poll Mon, 6 Apr 2009
Should there be a referendum to decide the fate of the stadium?
Yes/No/Not sure Link

### ODT Online Mon, 6 Apr 2009
Demands for Dunedin stadium vote

By Chris Morris

There were calls for a city-wide referendum to decide the fate of the planned Otago Stadium after howls of protest were directed at the project during a public meeting in Port Chalmers, Dunedin, last night.

Read More Online Here…

Read more

****

### ODT Online Mon, 6 Apr 2009
Faith in council well down: survey

By Mark Price

Public confidence in the Dunedin City Council’s decision-making ability has fallen sharply in the latest quality of life survey, and the proposed Awatea St stadium appears to have been a factor.

Read More Online Here…

Full report

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Calling all Dunedin City councillors

Cr Andrew Noone bravely took up the challenge to appear at the Port Chalmers public meeting.

It is rumoured that a meeting will be held in South Dunedin.

We invite all Councillors to hold public meetings in their Wards, to explain their stance on the stadium project to constituents.

Nothing more, nothing less. Let’s get to the heart of it.

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Building industry figure weighs in

### ODT Online Sat, 4 Apr 2009
Stadium quotes and design steady: builder

By David Loughrey

Last Sunday, a public meeting at the Dunedin Town Hall heard a wide range of arguments from a line-up of speakers on why the city did not need a new stadium.

Read More Online Here…

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Mayoral answers, one day

### ODT Apr 3, 2009 (In brief, page 3)
Stadium answers soon

Dunedin Mayor Peter Chin has undertaken to fully answer a series of questions about the stadium.

The questions and answers, relating to issues including private sector funding, a guaranteed maximum price, agreements with the Otago Rugby Football Union and the University of Otago, were to have been published tomorrow, but Mr Chin said he would be out of Dunedin on council business, and could not “do them justice” until after that.

The Otago Daily Times will publish his response next week.

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D Scene heaps preamble to meeting

### D Scene March 25, 2009 (page 4)
Town Hall project showdown

The proposed stadium will come under scrutiny from six Dunedin identities and councillors at a last-minute town hall meeting this Sunday. The meeting is organised by Stop The Stadium.

WHAT: Stadium meeting – what you should have been told!
WHERE: Dunedin Town Hall
WHEN: this Sunday, 7pm
MC: Dougal Stevenson
ADMISSION: free

D Scene gets a preview from each of the six speakers.

Michael Stedman
Natural History New Zealand managing director
FOCUSING ON: Where the funding is coming from and how that has been presented to the public.
HE SAYS: “The big issue for me is that this is the biggest expenditure in Dunedin’s history. There are a lot of issues that remain something of a mystery and that can’t be answered because of commercial sensitivity. The funding is a mystery.”

Gerry Eckhoff
Otago Regional Councillor
FOCUSING ON: How the process has been carried out by council.
HE SAYS: “I have been very uneasy about a number of things for a while. I guess I’m concerned about the local government process and how things should have been done.”

Alistair Broad
Dunedin businessman
FOCUSING ON: Guaranteed maximum price construction contract and funding from ratepayers.
HE SAYS: “The thrust of where I’m coming from is that we are heading towards building something we don’t want or isn’t necessary. I’m seriously concerned about whether we have a genuine maximum price contract. How can you have a genuine fixed prince contract when you have variables like building on an area that’s not a solid foundation?”

Sukhi Turner
Former Dunedin mayor
FOCUSING ON: Council engaging with citizens when decision making.
SHE SAYS: “The meeting is about stopping the stadium. lf you want to see what I think come along to the meeting.”

Dave Cull
Dunedin City Councillor
FOCUSING ON: The consequence for ratepayers, how the city has got to this point, the guaranteed maximum price construction contract.
HE SAYS: “The things that I will focus on are the real financial implications for the ratepayers and also the process.”

Robert Hamlin
Otago University senior lecturer
Hamlin failed to respond to D Scene queries by deadline. However, previously, the lecturer – who also teaches a feasibility analysis paper – has predicted the cost of the stadium could blow out to $400 million and if it does, because of high city debt, that Dunedin will face a type of local body armageddon which might involve central Government stepping in.

****

### D Scene March 25, 2009 (page 4; abridged)
I wouldn’t go anyway: Farry
By Ryan Keen

Carisbrook Stadium Trust chairman Malcolm Farry won’t be attending a high-level Town Hall meeting being held to voice concerns about the project.
{story continues}

****

Pick up today’s copy of D Scene. Other headlines:

D-Day looms for city (page 5) – There are still six Dunedin city councillors who remain undecided on the stadium project.

Trust’s private funding deals not audited (page 5) – CST’s private sector funding arrangements haven’t been audited, as previously claimed by its chairman Malcolm Farry.

No room for Bledisloe (page 5) – Otago’s megabucks stadium can never hold a Bledisloe. [seating capacity issues]

High rate rises, anyone (page 10) – Crs Dave Cull and Chris Staynes on why proceeding with the stadium breaches the trust of the community.

Issues as we see them (page 10) – Affordability, Keeping faith with the community, and Community support.

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