Stadium of Canterbury
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I think it's that they don't want to commit the money (borrowings) when there's other stuff to spend it on still.
Eg Insurance payout 300m for Lancaster Park, new stadium is 400m. They'd rather spend that 100m they need to borrow elsewhere at the moment, and borrow it later.
(These numbers are made up btw) -
the Canterbury earthquakes highlighted how underinsured a lot of NZ were (largely still are) for both private and commercial insurances.
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@Hooroo said in Stadium of Canterbury:
@Rapido Could it be that they have already spent the insurance money received from Lancaster Park?
Not that I'm aware of - full and final insurance settlement was only made in the past financial year.
I don't believe CAVE has a majority by any stretch, but they're noisy and active. I've been following local politics more than usual this year because I've been involved in a campaign, and the councillor involved has no doubt from streetcorner meetings etc that the silent majority is in favour of big projects, as long as the streets and other repairs are still happening at a good pace. As noted, the funds come from different places than the funds for repairs, and we wouldn't get them without the anchor projects because the government won't pay otherwise, but it's very hard to convince some people of that.
@taniwharugby - very true, and yet, we were considered overinsured by the above idiots before the earthquakes. People have underestimated the increased costs post-disaster, and also that insurers won't pay out without a lot of prodding, and you won't get the full amount and will have to negotiate as well.
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@Duluth knowing better, I still looked at the whining about rugby or publicly funding a stadium in the comments section.
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It reminds me of all the whining in the ODT when the Dunedin stadium was first proposed.
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@Wally nation of whiners...well a small number whine very loud.
People moaned about the Stadium upgrade here, has been and continues to be a great facility for us and has attracted multiple events that would never have come otherwise, people moan about something else now.
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Is 30000, including temp seating, big enough for the major tests? What is the capacity in Wellington?
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@Crazy-Horse There's a Bledisloe this weekend in Dunedin which is 30k. I think it could be tight for a Lions test though.
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@KiwiMurph yeah I fogot about the game being in Dunners this weekend. Google tells me Wellington is 34500 so this proposal will be a bit smaller.
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