The financial results of building the Stadium have now come in. The opponents of the Stadium have been proved correct, and can say : “I told you so!”.
Despite the Guaranteed Maximum Price, the cost is way over budget . And there is a large operating loss, on top of massive debt-servicing costs. Dunedin will suffer under this burden for a generation.
The councillors responsible for this imposition on the City should:
The best posts that I’ve read this week:
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Calvin Oaten does again and details the dangerous Dunedin City Council debt.
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These are the movies that I plan to see in the World Cinema Showcase which start’s tomorrow at the Regent Theatre.
I am not usually a fan of American comedy but I’ll give these a try:
Our Idiot Brother
Damsels In Distress
Some Jazz to look forward to:
Chico & Rita
Urban Design is a topical and interesting subject:
Urbanized
Will the total cost of the Stadium reach half-a-billion dollars?
Calvin Oaten estimates $485 million.
Former Member of Parliament for the Act party, has an opinion-piece in the ODT on big-spending Councils.
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