Regional leaders non-committal over helping pay $150m 'funding gap' for Christchurch stadium
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.
Read more here and tell us what you think in the comments below.
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Poll: When should the tree go up? 🎄
From what we've heard, some Christmas trees are already being assembled and decorated.
What are your thoughts on the best time to get your Christmas tree up?
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5% Second half of November
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44.3% 1st December
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17.1% A week before Christmas
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32.3% Whenever you wish
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1.3% Other - I'll share below
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