Tag Archives: Independent review

‘The final cost of the stadium is … unknown.’

UPDATED

### ODT Online Fri, 24 Feb 2012
Multimillion dollar uncertainty over final stadium cost
By David Loughrey
Six months after the project finished, the Dunedin City Council today admitted it still had questions about the figure, and would fund a $55,000 independent review of the issue. Mayor Dave Cull said the amount in question was ”in the millions” but ”not in the tens of millions”. He would not speculate on what the final cost may be. A team from the Auckland office of PricewaterhouseCoopers would arrive in the city next week to undertake the review, which the DCC says will be funded “from existing DCC budgets”.
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Carisbrook Stadium Trust chair Malcolm Farry declared it had been completed on time and within budget. Mr Cull says that statement is now in doubt.

### radionz.co.nz Fri, 24 Feb 2012 Updated at 12:27 pm today
Irregularities found in stadium accounts
Dunedin City Council has appointed accountants to review the costs of the city’s new stadium because of irregularities in the project’s final accounts. Mayor Dave Cull and the council’s chief executive made the announcement on Friday morning. They say the council has identified money spent that it cannot account for so it has appointed PricewaterhouseCoopers to independently review the whole project. Mr Cull said he did not know how much the overrun was, but indicated it was likely to be millions of dollars.
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### stuff.co.nz Last updated 12:12 24/02/2012
Probe into Dunedin stadium costs
By Wilma McCorkindale
The Dunedin City Council (DCC) had called in independent PricewaterhouseCoopers (PWC) investigators after a report tabled Monday from new council chief executive Paul Orders on the likely final cost of the stadium, Cull said. The mayor was refusing to elaborate on what aspect of Orders’ report has initiated the Council action, saying all involved with the project are under scrutiny.
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Dunedin City Council media release

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### ODT Online Sat, 25 Feb 2012
DCC in stadium cost bid
By David Loughrey

A “whole gamut” of parties would be interviewed. -Paul Orders

A team of independent reviewers from PricewaterhouseCoopers will arrive in Dunedin next week seeking answers to multimillion-dollar questions concerning the final cost of the Forsyth Barr Stadium. Dunedin Mayor Dave Cull yesterday announced a $55,000 review of the stadium’s final cost, amid concerns about “questions that remain unanswered”, six months after the facility was built. The review team would arrive in Dunedin from Auckland on Wednesday, and spend three weeks studying documents and interviewing “relevant parties”, including the project delivery team, the University of Otago, Hawkins Construction, Dunedin Venues Ltd and Dunedin Venues Management Ltd, quantity surveyors and others.
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### ODT Online Sat, 25 Feb 2012
Farry defends costs; Butler hails review
By Chris Morris

“We are in no doubt whatsoever that the [trust’s] agreed budget has been complied with, and there is no question about that.” -Farry

Carisbrook Stadium Trust chairman Malcolm Farry – the man who promised the Forsyth Barr Stadium would be built “on time and on budget” – insists he has delivered. That was despite Dunedin Mayor Dave Cull announcing an independent review of the stadium’s final cost yesterday, amid concerns the budget may have been blown by millions of dollars. Confirmation of the review by PricewaterhouseCoopers (PWC) was greeted as “wonderful news” by former Stop the Stadium president Bev Butler yesterday, although she hoped the examination would eventually go further.
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### ODT Online Sat, 25 Feb 2012
Editorial: Big question still to be answered
While it most surely cannot be the intention, the latest delay in revealing the final costs of building Forsyth Barr Stadium can only lead to further speculation, innuendo and adverse publicity for the venue and the Dunedin City Council. For while it is imperative to “get it right”, from the beginning the most oft-asked questions about the project were how much it was going to cost – and who would pay. Definitive answers to these questions have been slow in forthcoming and this latest postponement will only fuel responses likely to range from resignation to frustration. This, after all, is a matter pertaining to the ratepayers and their pockets. It does not help matters that, having fended off inquiries as to these very matters over some months, at a meeting supposed called finally to reveal the figures, the council yesterday yet again demurred.
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Posted by Elizabeth Kerr

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