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27 Feb 2020 19:01
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  •   Home > News > Local Politics

    The investment case for Christchurch's multi-use arena is before the City Council today

    The investment case for Christchurch's multi-use arena is before the City Council today


    It says to be competitive and attract international and national events, the arena would need a roof, a minimum 25-thousand seats, a fixed rectangular turf and high quality acoustics.

    It's projecting the arena would cost almost 475 million dollars to build.

    The council has allocated 253-million towards the project, with the Crown signalling it would contribute 220-million.

    The net operating cost is anticipated to be 4.2 million dollars per year, with the Council providing 4.1 million from its Long Term Plan.

    If the arena doesn't proceed, rates savings of about 2.9 per cent could be made.

    © 2020 Newstalk ZB, NZCity


     Other Local Politics News
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     23 Feb: One more step forward in the fight for justice for families of those lost in the 2011 Christchurch' quake
     22 Feb: An apology to some of the families impacted by the Christchurch earthquake is hoped to make a difference to those who feel they need it
     20 Feb: Wellington's mayor has signed up to supporting an inquiry into the capital's water problems
     19 Feb: Local councils need support in managing water
     14 Feb: A declaration of love in the Wellington City Council debating chamber, a day before Valentines Day
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