The temporary stadium in ChCh cost 30 mil, I think people are over estimating what 48 mil could buy us.
And wasn't Forsyth Bar 200m?
[Edit: Should point out the initial estimates for the ChCh Stadium were 20 mil and that ballooned out to 30 mil. For the Waikato Stadium upgrade in 2002, their cost ballooned out from 27 mil to 39 mil. Stadium's tend to cost a lot more than the budget says]