Private Funding on Time Payment

A Dunedin City Council meeting heard yesterday that only 53% of private funding for the proposed Stadium is expected to be received before 2011, with the remaining funding not due until between that date and 2020. Cr Dave Cull said that the Council had said that it would not "hit the go button" on the stadium until 80% to 100% of the money had been raised. "We're not getting anywhere near that", he said.
Another "line in the sand" has been moved.