1306 days ago

Regional leaders non-committal over helping pay $150m 'funding gap' for Christchurch stadium

The Team Reporter from The Press

Canterbury's regional leaders remain guarded and non-committal about whether they will help pay the rising costs of a central Christchurch stadium, with many saying such a decision would require public consultation.

Building the 30,000-seat covered stadium will now cost up to $683 million – $150m more than the $533m budget.

If Christchurch city councillors push on with the current design, they will have to underwrite an extra $150m, taking their total contribution to $453m.

Some city councillors say it is time for neighbouring councils to offer a helping hand.

The stadium would be a regional facility and its economic benefits would go beyond Christchurch, a council spokesperson said.

Other Canterbury councils have been contacted about the latest cost blowout and the city council intends to hold further discussions before making a formal proposal, the spokesperson said.

One mooted method is a regional targeted rate, which could be administered by Environment Canterbury.

Read more here and tell us what you think in the comments below.

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Response to regifting presents

Gordon from Halswell

My mind tends to wander:
I do not see any problem with regifting it back to the person who gave it, they obviously liked it. In fact, that might work out well as you buy the present you want, then gift it to someone you know who will gift it back.
Perfect, no decision needs to be made about Xmas presents