And DCC duckshoving…
Wherein the true meaning of “start-up capital” defeats the deputy mayor.
### ODT Online Sat, 6 Feb 2010
DVML funding over to council
By David Loughrey
A decision to provide start-up capital for the company that will run the Forsyth Barr Stadium one year earlier than expected was behind the impost of $2.48 million approved for the company this week, Dunedin deputy mayor Syd Brown says. And the oversight was not the responsibility of the Carisbrook Stadium Trust, but the Dunedin City Council, it emerged yesterday.
The sudden and seemingly unexpected financial hit has reignited fears the stadium and related ventures may result in just this sort of unexpected budget requirement in the future.
Post by Elizabeth Kerr
### ODT Online Mon, 23 Feb 2009
By Jolyon Manning
Jolyon Manning is deeply disturbed by the possible reckless commitment of major optional capital projects currently envisaged for implementation by the Otago Regional Council.
Filed under Architecture, Design, Economics, Geography, Hot air, Inspiration, Name, Other, Politics, Site, Stadiums
“A psychologist once said to me that all people intrinsically know the difference between right and wrong. I believe that today you should be making a conscience vote.
“June last year when the ORC voted for the project, those who voted against the stadium made informed speeches with good arguments based on the facts at your disposal. It was blatantly obvious that the arguments for the stadium were in fact weak and after the meeting one of you even admitted to those who voted against the stadium that their arguments were far stronger. Why then did the majority vote for the stadium when the evidence was so overwhelming to stop the stadium in its tracks?”