Bernard Hickey Down On Stadium

Leading economist, Bernard Hickey, has a scathing article on the Stadium.

The Carisbrook Stadium Trust has failed in it's primary objectives:
To build the Stadium for $188 million, and to raise the required money.

But the Dunedin City Council is carrying on regardless. The $25 million deal with the Government looks as though it is on, to cover the $7 million increase in land cost, the $3 million missing from the Community Trust of Otago, and the $15 million shortfall in private funding. There will be no relief for Dunedin ratepayers.

I expect the Regional Council to rubber-stamp the deal tomorrow.