Stadium to cost ratepayers $261m

Construction of the Forsyth Barr Stadium in Dunedin will cost ratepayers at least $261 million, updated figures confirm.

Full article: The beginning of what we always feared

Published in: on 22/06/2009 at 10:57 pm  Comments (18)  

18 CommentsLeave a comment

  1. And rising. It all makes the “not a cent above $188m” claim nauseating. We always knew the claim was a connivance to massage the whole project along past its “lines in the sand”. Trouble is those responsible for doing this can’t claim ignorance. I suspect that, in time, the court of public opinion- and the NZ courts will have more to say.

  2. When I read in today’s ODT that the stadium will cost rate payers 261 million dollars, I thought; welcome to the poor house.

  3. Come on Peter, you seem like a fairly intelligent person. Surely you must realise the $261 million figure includes the repayments on interest from both the ORC and DCC loans. This is nothing new at all. If you took out a $200,000 mortgage today over 25 years to buy a new house, then obviously you are going to end up paying about $400,000 over 25 years in principal and interest.
    Unless anyone had the impression the councils would borrow this money interest-free, then this story should come as absolutely no surprise!

  4. Nauseating indeed, then those add on costs, well that takes it to around $300 million. And what about that $51 million wasted before they even turned any turf on the site? I suppose that’s over and above as well. Passing the old Fisher & Paykel today, now owned by the displaced Fonterra, it’s taking on the look of a prison, with high security fences now in place. I assume that part of $51 million already blown was bribing them out of Awatea St site, after holier than though DCC tried to get the public works act on them, a graphic example of their purile-ness, aversion of reality, not to mention arrogance. It’s like a bunch of rich family, spoilt brats expecting a teacher to chase they other kids, who were in the sandpit first, to get out!
    This country seem to be entering a legacy where it’s got plonkers in high places, doing huge damage.
    Chin’s feeble attempt at justifying it by saying the Tahuna outfall was still going ahead was nothing short of pathetic. Every time he opens his s***mixer on stadium issues, he outdoes G W Bush!

  5. does it matter that the rate payers have to pay this! Do you want Dunedin to be left behind forgotten about? take of the world stage of internatal event! if so i gess you are classified as an anti stadium dunedin person!

    So whats the big deal do you all have nothing else to do.

    Ill give you all a tip if Bev got a heair cut and a style sence people may take her seriously!

  6. Hi Matty
    A house is a different kettle of fish than a multi million, mega dollar stadium that is already blowing out cost wise. No satisfaction really to say that anti stadium arguments, re the financials,are a case of ‘we told you so’. It’s all pretty alarming don’t you think? As a matter of interest what size blowout are you comfortable with?

    Another thing about a house and a stadium .People buy their own house because they want it. The stadium is unwanted, but we are forced to buy it and pay the mortgage!

  7. Peter

    the stadium is atchally wanted if you dont want it you can move citys mabe move to invercargill where there is no stadium feel free.

    I gess you peter you got nothing to do as well

    people get a life and Bev get a hair cut

  8. B side you ask – does it matter that the rate payers have to pay this?

    You’ve given yourself away – spoken like a true NON-rate payer….

    You ask ~~
    Do you want Dunedin to be left behind forgotten about?

    Excuse me, what is THAT supposed to mean?

    Left behind – so, exactly where is the rest of the world going? Do you mean left behind, as in being the only country on this planet that is not up to its ears in debt?

    Forgotten about – DUH – I guess all of the tourists who have come here and all the money that has been spent here over the previous five, ten, fifteen years means nothing.

    I talk to tourists from different countries every week – in the past five years I have NEVER had anyone express their disappointment with Dunedin due to the lack of a stadium. They are truly thrilled by the wildlife, the architecture, and the natural beauty.

    Also, as long as Dunedin has its University, it will not be forgotten about, thanks to the Scarfies.

    If you truly believe that a rugby stadium will revitalize this area then you need to have another think…

    Go to the shop, buy a week’s worth of groceries, buy a tank full of petrol, or even better, I’ll let you pay my electric bill this month, so you can personally feel the impact that this building is going to have on ratepayers.

  9. Peter, I am not COMPARING constructing a multi-million stadium to buying a house.
    I am pointing out that there is a cost of borrowing money, no matter what that money it is for (unless you have a nice relative or friend who will lend to you interest-free!).
    You seem to be implying that, due to this figure of $261 million, the costs of the stadium have ‘blown out’.
    This is not the case at all. The stadium was always going to cost $261m in principal and interest repayments. The principal amount borrowed by DCC has not increased beyond $109m and the principal amount borrowed by ORC has not increased beyond $37.5m, yet you seem to imply it has.

    Yankiwi – there lies the real problem in my opionion – the cost of power, food, petrol etc rises beyond the rate of inflation and yet we get no extra benefit from these services. At least when rates rise, we get an increased level of service and/or tangible assets in return, which will benefit current and future generations.
    You are right though, a stadium in itself won’t be the silver bullet for all Dunedin’s problems, but personally i believe it will add a lot of value to the city at a reasonable cost. I would far rather pay towards the stadium than paying to try to comply with unreasoable water, sewerage and waste charges imposed from central govt legislation, which will have little, if any real benefit, for anyone.

  10. Dunedin does have alot of nice old bulding not like some citys in NZ and the wildlife is something that you cant find else where but thats not the point also the new reserve up blueskins bay.

    The point of a covered stadium i would pay rates for it and it wouldent matter to me what would matter is that there is an asset to the city, no cold games, no one freezing more people would go to the games, more internatinal events maybe it could even take some soccer games you never know what they will use it for.

    so all in all it dosent matter Jade stadium is getting an upgrade, did the christchurch people kick up a fuss no they didnt and why did they not only because they have a life and know what is good for them.

    yankiwi you ever been out of dunedin sounds like you havent.

    leaving dunedin behind i mean it will be forgotten about on the sporting calender no one will come here, the otago nuggets strugled to get sponsers, the highlanders dont do that well. so forgetting about Dunedin is something that will happen, why is it even on the weather map on the news i do not know!

    and why dosent bev get a hair cut people will then take her seriously!

  11. Sorry to jump back into it, but to say “At least when rates rise, we get an increased level of service and/or tangible assets in return, which will benefit current and future generations…”

    I disagree with the increased level of service. I’d like to invite you to come and have a look at my street. The footpaths and street have been in a continual state of disrepair for over a year – the storm drains are clogged and back up every time we get a shower, the road is damaged, broken, and parking is at a minimum. Why? Because the DCC allowed two building consents to go through in the same time span. We asked the DCC for some remedy and told that they would do nothing to solve the problems – er- challenges until the construction was complete. So much for value for money. Even a submission in person to the council was futile.

    If you believe that we are getting increased levels of service, talk to anyone who surfs or enjoys going to the beaches. Do you realize that if we didn’t have to spend those millions on a new rugby stadium, then the sewage treatment plant could be finished correctly, and completely.

    By the way, do you have any idea of how old the water pipes are that service the city? We should be spending money on improvements for future generations, I agree – sustainable spending on maintaining our drinking water system, and getting rid of our poo. Keeping this a safe and healthy community.

    The idea that a stadium is a tangible asset makes me think that you and I are using different dictionaries. And bside, have you ever heard of the old saying – don’t judge a book by its cover. Name-calling is a secondary-school tactic.

  12. Bside seems to have some strange fetish for Bev’s hair. A bit like a fetish some have for a debt- ridden stadium.

  13. There is little doubt in my mind, that the effusive promises, such as the ‘state-of-the-art’ conference- centre, the running-track and all the other ‘carrots’ dangled in front of us to get this insanity past the hurdle of the last local body elections, were never intended to be implemented. Instead, we have found ourselves ‘let down by stages’ so there has never been one major adverse impact which we have been able to muster any ‘clout’ around. Just as we have been ‘let- down by stages’, the cost has ‘escalated by stages’ as well. I don’t for one moment think that there was ever any seriously-intended private sector input either; the scheme was to get construction beyond the point-of-no-return before the next local body elections, then
    giving the whole useless lot of them the bum’s rush, is bound to be ineffective, as well.

  14. bside seems to be a very ignorant person, firstly Invercargill actually has a stadium which owes nothing
    and secondly Christchurch is actually upgrading their current facility at a cost of 60 million for A grade tests and cricket, of which Dunedin’s new stadium will get neither.
    One saying seems to be typical of all stadium supporters
    “Ignorance is bliss”

  15. well its not a fetish its a comment, but if thats what you jokers from Dunedin want to call it be my gest.

    If that is the case then your fetish is being angre at the DCC for making you pay for a stadium that you dont see any benifits from. Its what you do with your time, you have nothing else to do. All you need to do is get over ya selfs. Invercargill has a world class indoor track cycling facility that is going to be used for a world class event in a few years. But Dunedin will not profit from that event.

    Also why are Dunedin streets so messy there is still gravel on the side of the road from the snow 2 weeks ago what a messy city this is. No wonder on one speaks of Dunedin as being a city with a future!

  16. Am in the UK at the moment, so can’t check this information, but there was a short paragraph in the newspaper when I was in Gore in May saying that Stadium Southland had NOT been paid off, after 20 years (and we’ew talking peanuts here compared with The Big P) and that the Southland Licensing Trust had been asked to increase its contribution, up to $750,OOOpa

  17. You are so right bside.
    Dunedin is a messy city and it’s got a weird bunch of idiots running it

  18. I have biked by the stadium a couple of it makes me sick thanks to the idiots who run this city and hearing the sound of foundations being driven into the ground. I also hear the sound on the foundations being driven into the ground when I am biking up Evens St or biking to work. Has anyone see the video for the stadium on Youtube? It says “Well done Dunedin” and I think – “For what? Making us enter the poor house thanks to the idiots who run this city?”

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