Regional leaders non-committal over helping pay $150m 'funding gap' for Christchurch stadium
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.
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Poll: Is it ok to regift something that you have been given?
🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
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79.1% Yes! It's better to regift what I don't need
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20.9% No. It's the thought and effort that matters
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