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2 Mar 2026 19:52
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  •   Home > News > Business

    A warning Dunedin's Forsyth Barr Stadium is in a financially unsustainable position

    A warning Dunedin's Forsyth Barr Stadium is in a financially unsustainable position

    2 March 2026
    The ODT reports Dunedin City Councillors are considering two options for managing stadium debt.

    They've been warned doing nothing could see debt balloon from 85-million dollars, to almost 200-million, by 2060.

    The first option is the council putting an extra 1.25-million into the stadium next year, and more again the following year - taking annual support to 5.4-million dollars and reducing debt to 37-million by 2060.

    The second would inject 2.25-million dollars up-front, but leave less room for unexpected costs

    © 2026 Newstalk ZB, NZCity


     Other Business News
     02 Mar: Foodstuffs is again trying to bring its North and South Island operations under one roof - after failing two years ago
     02 Mar: Wellington's mayor says the Council is not looking at compensating businesses on the wastewater plagued-southern coast
     02 Mar: Job numbers are rising again - but are still down on a year ago
     02 Mar: Rates are set to rise in Dunedin - as the city council releases its draft Annual Plan
     28 Feb: It's been revealed UK supermarket giant Tesco, declined the Finance Minister's invitation for a meeting to discuss the issues in our grocery sector
     28 Feb: The average Auckland ratepayer will be paying an average of 320 dollars more a year, if the council's annual plan passes
     27 Feb: Retail NZ says there could be complications created by new gift card rules
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    BUSINESS BUSINESS
    Foodstuffs is again trying to bring its North and South Island operations under one roof - after failing two years ago More...



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