It is time for Dunedin citizens to take up arms, and by force hang their councillors up with panio wire.
Why you may ask?
Because of the corruption betwen the individuals on the Council, their associates, andtheir family collectives.

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Mark: I know the public has always and will always pay – but the public should expect something in return for it’s investment.

I didn’t use to oppose the stadium – up till recently I’ve been working under the (clearly erroneous) assumption that the DCC knows what it is doing (and I’ve been quite happy with most of their spending). However the ‘spend several tens of millions of ratepayers money in the hope that people will come’ doesn’t make any sense in this case. The case for the stadium is extremely weak.

It’s no use for cricket (rectangular pitch), has minimal facilities for conferences (and we already have better venues for that) and concert promoters have said that Dunedin doesn’t have the numbers, so the _only_ likely use I’ve heard of for the new stadium that Carisbrook couldn’t be used for is the Rugby World Cup – and a handful of rugby matches is going to make this all worthwhile? Yeah, right.

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World Class Facitily for multi-spectrum events in Dunedin? Well, it may induce a lot of Rugby World Cup Tourists to travel the length of our fair land.
Or should we forget about tourism?
Then it would be a drawcard for international enterainment tours.
Our No1 Tourist Centre (Queenstown) ain’t so very far away either.
Reckon Dylan’d play there?
And it’s drawcard value for all kiwis south of Christchurch?
Negligible?
Nandor, accessing your website is the hardest thing my computer has encountered (unsuccessfully).
A great shame as not many of our MP’s (past and present) make themselves available so generously.
I wonder if others find the same prob?
Anyway – I try to agree with the ‘lets do nothing’ approach – but it rings holla to me

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4000 at the rugby last night at the Brook.

What does a white elephant smell like?

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Aw Geez Roy – Third Planet out and Land baby.
The Public as you call them, has always paid, and always will – where you been?

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Roy Says:
February 12th, 2009 at 4:20 pm

> Mark: if it’s really a ‘Capitalists dream come true’ with ‘virtually open ended fiscal potential’, I’m sure there will be capitalists just lining up to pay for it?

of course not. It’s only a capitalist’s dream come true if you can profit from it without having to use your own capital to build it.

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Mark: if it’s really a ‘Capitalists dream come true’ with ‘virtually open ended fiscal potential’, I’m sure there will be capitalists just lining up to pay for it? Oh, wait a minute, they must want the public to pay so they can profit …

If the ratepayers/taxpayers don’t have to front up with most of the money (the DCC is trying to get money from central government), I’ll withdraw my objections.

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Well; One of my Marketing Companies did several deals with the Chief Exec. at the MCG.
I’m not sure all of you fully comprehend the innumerable financial spin-offs that these Stadiums can develop.
Tens of thousands of customers in one place – a Capitalists dream come true.
I would describe the Dunedin Upgrade’s fiscal potential as virtually open ended – for the whole city – and b4 the World Cup?
Millions Maja, goshdarn millions for Dunedin, and NZ
– think Big now Kiwi…

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In answer to the title: “Is the Dunedin Stadium a financial risk?”, the answer is no, it’s not a financial risk at all. A risk implies the possibility that it might succeed, whereas with the proposed stadium, the numbers just don’t stack up even before the inevitable cost overrun is considered, so it’s a guaranteed failure if it goes ahead.

I don’t object to some public money subsidising sporting or cultural activities, but in this case (a) the price is way too high, and (b) I’ve not heard of anything convincing that the new stadium could be used for that can’t already be done at the current one (Carisbrook).

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Owen is almost right. Stadia are the last refuge of incompetent councils that can’t afford light rail.

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There is lots of Local Government bizarre spending. The Selwyn District Council and the Christchurch City Council getting into bed with Corporate Farming to promote a dam in the foothills that will have negative impacts on the environment, economy and the social fabric of Canterbury. It is ironic when the councils can spend millions on this without ratepayer input and then agonise about spending one or two hundred thousand on where to locate a library. Go figure.

Then there is the ChCh City Council deciding to spend many millions of ratepayers money on a new council building. The decision was rushed through at a rushed council meeting only hours before the polls closed. Where was Rodney when you needed him

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Jesus. Keyboard disabled or what…..

which usually includes cash being handed to well-connected cronies. Socialism.

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>>Socialism?

Councils. Demand our money, “redistribute” it to their pet projects, which usually include hand cash to well-connected cronies. Socialism.

>>fire the directors!

No argument here….

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BP – Socialism? These are the capitalist elite of Dunedin as far as I can tell! But I agree, fire the directors!

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Ah! Rugby World Cup Dear?

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Socialism strikes again.

The stadium is a business. If the business case doesn’t work, then why is it being built?

Time to fire the “directors”…..

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Owen – a very succinct summary of the situation. Well done.

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Hey! Bob Hope and Bing Crosby! I loved you guys in ‘The Road to Mandalay’.
Sing ‘Summer Wind’ for me Bing ….gwan gwan…
Bob, is it true that God hangs around with you all day, just to laugh at your jokes? I saw it on the Simpsons – must be true.
Just cos Auckland Wellington and Christchurch have had fantastic fiscal success with their stadia doesn’t mean those lefty scarfies can have one. Na. Dunedin can die on the Vine eh – (snigger snigger).
I wouldn’t let you two run an Ice Cream Parlour in a heatwave
thanks for the laughs always etc.

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Wow, this time I agree with you, Owen. Great post Meyt. Even using single bottom line accounting it’s not a goer.

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Stadia are the last refuge of incompetent councils.

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