Tag Archives: Poor investments

Christchurch’s AMI stadium

### offsettingbehaviour.blogspot.com Tues, 9 Aug 2011 at 7:00 AM
Stadium rebuilding?
By Eric Crampton
Christchurch’s AMI / Jade / Lancaster Park Stadium (it’s changed names a few times since I’ve been here) seems likely to need the wrecking ball consequent to the February earthquake. I hope that City Council’s contribution to any rebuilding is limited to the insurance payout, and then only in the case that the insurer won’t let Council keep the cash. Stadiums just aren’t very good investments. In good times, a city can afford a lot of stupid. I’m not sure that Christchurch can afford to waste a lot of money over the next few years.
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Posted by Elizabeth Kerr

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Filed under #eqnz, Architecture, Construction, Economics, Politics, Project management, Stadiums