Calvin Explains Stadium Funding

Calvin Oaten has done an excellent analysis of the Stadium funding.
Proponents claim that the Stadium will not cost more than $66 a year for the average household.
But Calvin shows that the Stadium will also reduce the income the City receives from Dunedin City Holdings by $11 million a year, which will have to be made up for from rates.
The effective cost to the average household is actually over $300 a year.