ODT calls for DCC to "Cut its Cloth"

The Dunedin Ciy Council finance head, Athol Stephens, recently warned that, in the face of an economic downturn, major city projects may need to be reconsidered.
The ODT has now added it's voice:

As Dunedin's debt grows, it also faces a credit rating downgrade, albeit small, which means the interest rate it has to pay on debts will rise. At the same time, income from the council-owned companies - which are used to subsidise rates - can be expected to decrease because they will not be immune from recession.Dunedin has no realistic choice other than to cut its cloth to match its current circumstances.

It is becoming increasingly clear that Dunedin cannot afford the new Stadium.
But it is hard to see the current Council changing direction.