From ODT online forum, June 08, after the ORC voted to support the stadium, subject to certain conditions. The conditions are listed. Let’s keep an eye on these.
Jeers fail to deter stadium ‘yes’ vote
• The Otago Regional Council supports the Awatea St stadium on the basis of these terms and conditions -The Carisbrook Stadium Trust must provide by February 2, 2009 evidence of a viable construction tender for the stadium for a price not exceeding $165.4 million.
• The final design remains at least the same as that detailed in the March 17, 2008 progress report from the Carisbrook Stadium Trust.
• The Dunedin City Council will:i) confirm it will be the ultimate owner of the stadium;ii) provide independent assurance of project management and cost control;iii) confirm it will manage ratepayer (including Otago Regional Council ratepayer) financial input to the project and provide appropriate audit and financial controls.
• The stadium must have a roof.
• The council contribution will be capped at $37.5 million and the Dunedin City Council will be responsible for $85 million.
• There be certainty of funding from Dunedin City Council, Community Trust of Otago and University of Otago in terms of the amounts and support infrastructure originally requested by the Carisbrook Stadium Trust.
• The council is confident fund-raising and private-sector funding is on track to meet commitments.
• Council contributions for the stadium will not start before:i) the site is cleared for construction;ii) site establishment works for construction have been completed;iii) permanent on-site construction has commenced;iv) the funding is to be advanced and targeted generally to the timing of the costs of the roof construction.
• Any external funding that would reduce ratepayer contributions that becomes available from sources other than the above identified sources and levels of funding will be discussed and sharing agreed with the council and the Dunedin City Council.