Regional leaders non-committal over helping pay $150m 'funding gap' for Christchurch stadium

The Team Reporter from The Press

Canterbury's regional leaders remain guarded and non-committal about whether they will help pay the rising costs of a central Christchurch stadium, with many saying such a decision would require public consultation.

Building the 30,000-seat covered stadium will now cost up to $683 million – $150m more than the $533m budget.

If Christchurch city councillors push on with the current design, they will have to underwrite an extra $150m, taking their total contribution to $453m.

Some city councillors say it is time for neighbouring councils to offer a helping hand.

The stadium would be a regional facility and its economic benefits would go beyond Christchurch, a council spokesperson said.

Other Canterbury councils have been contacted about the latest cost blowout and the city council intends to hold further discussions before making a formal proposal, the spokesperson said.

One mooted method is a regional targeted rate, which could be administered by Environment Canterbury.

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