Tag Archives: Ratepayers bereft

Stadium: $261,000,000 and counting

Private sector funding now stands at close to $26 million.

### ODT Online Tue, 23 Jun 2009
Stadium to cost ratepayers $261m
By David Loughrey

Construction of the Forsyth Barr Stadium in Dunedin will cost ratepayers at least $261 million, updated figures confirm. The figure is the combined cost to be paid by the Dunedin City and Otago Regional councils, and comes after it was confirmed last week the city council had begun borrowing the $109 million it needs to fund the project.
Read more

****

### ODT Online Tue, 23/06/2009 – 5:44am.
Comment by MikeStk on I beg to differ

I think one of the problems with figuring out what the stadium will end up costing us depends a lot on what you choose to include – a lot of what we’ve had quoted to us hasn’t been included in the numbers we’ve been fed by the city…
Read more

6 Comments

Filed under Economics, Media, Politics, Project management, Stadiums