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$40-45 Million Soccer Specific Stadium - Petone Phoenix

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Posted March 17, 2014 07:40 · last edited March 17, 2014 07:41

dairyflat wrote:

Now the Wellington Chamber of Commerce are having their ten cents worth.
http://www.scoop.co.nz/stories/BU1403/S00530/wellington-chamber-urges-hutt-to-delay-stadium-decision.htm

"In our view it would be irresponsible for councillors to possibly commit the region to a bill of $25 million and at least $350,000 a year this close to a decision on amalgamation."


That $350K is about $1 per head across the region. Oh my! 



From the council document Tegal linked above:

"The economic impact assessment completed by Horwath HTL suggests new

spend or incremental economic a

ctivity in Hutt City would be on average

$6.1 million per annum for the first five years ($30.5 million over five years),

or an increase in Hutt City GDP in the order of $4.5 to $5 million per annum."

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AndItsGoodnightFromHim edited March 17, 2014 07:41
dairyflat wrote:

Now the Wellington Chamber of Commerce are having their ten cents worth.
http://www.scoop.co.nz/stories/BU1403/S00530/wellington-chamber-urges-hutt-to-delay-stadium-decision.htm

"In our view it would be irresponsible for councillors to possibly commit the region to a bill of $25 million and at least $350,000 a year this close to a decision on amalgamation."


That $350K is about $1 per head across the region. Oh my! 



From the council document Tegal linked above"
"

The economic impact assessment completed by Horwath HTL suggests new

spend or incremental economic a

ctivity in Hutt City would be on average

$6.1 million per annum for the first five years ($30.5 million over five years),

or an increase in Hutt City GDP in the order of $4.5 to $5 million per annum."