L A S T ● M O N T H ’S ● P R O N O U N C E M E N T ● F R O M ● A B O V E
ODT 20.6.17 (page 6)
ODT 26.6.17 (page 8)
Posted by Elizabeth Kerr
This post is offered in the public interest.
So DDT, woops ODT, persist with their Stadium Support Policy after months of Nothing of Substance at the LOSS MAKING Stadium.
One feeble rugby test only.
Infrequent visits by grey-haired performers, jaded once-stars.
All this for +$20million each year on your Rates. The sinkhole of all Dunedin GOB stupidities, with a direct line to Mssrs MF and EE, dear friends of Queenstown.
The erstwhile owners of the local newspaper (and was it 23 delectable Rolls Royces and Bentleys later, as if Sunday night marshmellows by the roaring log fire) have the personal wealth to overlook the sheer theft by stealth and duff embellishment that is Dunedin’s LOSS MAKING stadium.
Many of us find our entertainment thrills, according to income or not…. via the tea leaves, payless YouTube, internet TV, Sky, or the treat of flying to venues elsewhere in New Zealand and overseas. Without having to insinuate ourselves into the Dog Stadium of #DUD.
Unless, you’ve a moronic Thugby itch, a weakness, a throwback in your understanding of national identity as brawl and brain injury…. and can live with just one test in a year, or more years…. to justify filching from the pockets of vulnerable citizens bullied into paying for Stadium indulgences of the rustler-wealthy and the toothless eroding upper echelons of the middle class.
Then a little Home Show for the Non-savers amongst us. Glory!
Dunedin’s 53,000 ratepayers (the hordes? far from it!) and the power users of Otago (via Aurora Energy, on notice to industry regulator, the Commerce Commission, because the lines company can’t fund sufficient renewals and upgrades to its working assets – not helped by annual subvention payments) are being Robbed Blind year in year out – to subsidise the council-owned Stadium debt servicing and operating costs.
This is a complete INJUSTICE.
All the games of tilted media Sway is the crippling joke landed upon those who dare to live South. More fool us for our obsequious, largely unquestioning gutless surrender.
In the midst of irresponsible property speculation, low-paying tourism-exploitation, and dairy industry shortfalls, no wonder it’s harder for people to meet rates, rents and basic weekly living expenses —or indeed to feed, clothe and home our very young and our school children, or to sympathetically and safely care for our elderly, and our homeless. Hell, just add the LOSS MAKING stadium as sprinkles on top.
New Zealand is now a Social-economic Monster and our Dunedin City Council is the frizzling Limb of that Heathen.
What faith a turnaround in our individual and collective fortunes at Dunedin as the +$20million pa Stadium RORT continues…. ?
The financial betrayal of the Chin and Climate-Change-Cull councils is WRIT LARGE as the hanging noose. The ANNUAL Stadium Subsidy – in raw terms – equals +$20million not available each year for Dunedin business diversity and development sufficient to create jobs as the much needed ratchet to gradually better standards of living for our most vulnerable residents.
So ODT, here’s the middle finger to your soul-destroying misfit editorial, Stadium’s true legacy (1.7.16), its deceitful posturing : an incendiary Insult to honest Dunedin people.
ODT, you socialise the parochial blindness, unquenchable greed and ultimate +$20million (annual) sins of the good old boys and flunky boosters. FO.
Reality checks from MikeStk at ODT Online:
The stadium’s true legacy
Submitted by MikeStk on Fri, 01/07/2016 – 10:52pm.
The stadium’s legacy continues to be a litany of broken promises and financial mismanagement. They’ve largely been papered over by raising taxes to pay for all these missteps, this can’t be put behind us because we continue to be forced to pay and pay for these mistakes and lies.
Let’s list a few:
● Mr Farry started off, back during that first council election, promising us a stadium that would be completely privately financed and the ratepayers would simply be a backstop in case of disaster. In the end we’ll have paid more than $400m, $8000 per ratepayer.
● Then we were promised the stadium “would not cost a dollar over $188m”. Turns out they quietly spent more than $250m, forgetting things like toilets, kitchens, turnstiles and scoreboards, and neglected to include the cost of debt servicing. When we’re done it will have cost more than half a billion dollars, not including the ongoing losses from running the thing.
● Rugby promised to raise $50m in capital to pay for the stadium. They failed, then they had the DCC borrow the money and ‘sold’ the best seats cheaply to their own members with the intent that that would pay down those loans (at the same time taking income from DVML). This ended up on the books as ‘rent’ that DVML was paying DVL, crying poor DVML abandoned this plan and the council hit up the ratepayers to pay for rugby’s private fundraising – we’re still waiting for rugby’s promised private fundraising.
● We’ve twice bailed the ORFU out of impending bankruptcy, largly caused by their decision to push for the building of a stadium that grossly devalued their one asset, namely Carisbrook, that secured their bank loans. In a moment of insanity the council bought Carisbrook for twice what it was worth. Having done this once rugby continued to party up big, holding black tie events for which they could not pay the bills. For some strange reason we bailed them out again. Last year the ORFU made $1m – it’s time they started to pay back some of their debts
● Rugby’s CST promised us that the stadium would make a small profit, $175k/year. Wouldn’t that be great? Instead DVML charges too little for using the stadium, losing millions every year that are paid for by the ratepayers as subsidies to create a pretend profit.
It’s been pretty much a disaster, and those responsible have yet to be held accountable. [Abridged]
A clarification at What if? Dunedin:
Sat, 2 July 2016 at 1:00 pm
For the record abridged from my response to this travesty was the final lines “… the various CST actors have mostly left town, the rugby crowd still don’t pay their way and wilfully neglect their promises to help pay for the stadium.”
The ODT also removed my contention that Farry’s original promise that the stadium would be privately financed “turned out to be far from the truth”. They also removed the adjective “their own stupidity” describing ORFU’s decision to push for a stadium resulting in the value of their one asset crashing to 0.
ODT: Firm has 3 weeks to pay Carisbrook $3.1m debt (2.7.16)
The buyers of Carisbrook have three weeks to pay the Dunedin City Council for the former sports ground after an earlier plan to subdivide and develop the site to meet the $3.1million debt did not eventuate.
This week ODT said the mild winter had produced an increase in rodents. ODT need look no further than the infestation at its own sainted house.
Related Post and Comments:
1.12.14 Stadium Editorial Support strategy —ODT [see recent comments]
█ For more, enter the terms *stadium*, *orfu*, *rugby*, *carisbrook*, *pokies*, *dia*, *martin legge* or *bev butler* in the search box at right.
Posted by Elizabeth Kerr
Election Year. This post is offered in the public interest.
Comments at ODT Online:
It’s the finances
Submitted by MikeStk on Sat, 06/02/2016 – 11:26am.
Bones: Once again you misrepresent me – my beef with the stadium and rugby is the way that Otago rugby has ripped off Dunedin, initially promising us a free stadium at no cost to the ratepayers then, without allowing us to vote, changing it to “we’ll raise $50m” and you can pay for the rest, then to “oops we can’t raise a cent” you pay for all of it, to “oops we’re going down the gurgler you must buy Carisbrook for $10m”, to “we’ve had too many black tie dinners and now we’re bankrupt you have to bail us out”, to “we’re not paying enough rent to use it you have to subsidise the running costs by $2m, $5m, $7m, ….”-
Now local rugby is making million dollar profits off our backs but is still not contributing a cent to pay for their rugby stadium – a bunch of wowsers eating at the public trough hoovering my hard earned dollars out of my pockets to subsidised their booze fed events.
I’ll say nice things about your rugby stadium the day I stop having to pay for it and for your fun.
A sad decline
Submitted by MikeStk on Sun, 07/02/2016 – 2:25pm.
Bones: As I said, my issues with the rugby stadium are with the finances, not whether anyone thinks it’s a good stadium or not. Solve the financial issues, have rugby pay what they owe and make the ratepayers financially whole and I’ll be happy.
Remember that the ORFU once owned Carisbrook free and clear – the grandfathers of the current generation of rugby official built and paid for Carisbrook out of their own pockets. That’s the way it should be done.
But over time they started spending more money than they were taking in, rather than doing the financially sensible things like spending less or charging more. They started mortgaging their major asset, with no real way to pay it back, and eventually they owed the DCC $2m, and the bank a few million more – a terrible way to honour the wonderful legacy they had been gifted by their canny, thrifty grandfathers.
Then in a moment of financial lunacy they decided to get the city to build them a new stadium, to replace Carisbrook – the bank must have looked at that and raised their collective eyebrows somewhere over the backs of their heads – Carisbrook, the thing they had mortgaged was now worth less than the loan. You can see why they offloaded it on the city in a deal that cost the ratepayers millions – if they’d sold it themselves their bank account would be in the red. So much for their grandfather’s legacy – squandered to nothing.
There’s no reason for the DCC to have been involved in building the rugby stadium – the ORFU’s grandfathers had already proven that with some thrift, some canniness, reaching into their own pockets and raising money from the public, it was completely possible for rugby to build its own stadium. The current generation seem to be too lazy to try, too willing to force the rest of us to pay for something they should have been saving for themselves over the past generation – very much the Ant and the Grasshopper. [Abridged]
Posted by Elizabeth Kerr
*Image: sportreview.net.nz (Aug 2010) – matching rugby’s favourite nutbar Peter De Villiers’ quote to New Yorker cartoon, tweaked by whatifdunedin