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Alternative Wellington Stadium

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Posted March 02, 2024 01:35 · last edited March 02, 2024 05:47

Marto
People here have said stadia in NZ are serious loss making ventures.  Europe begs to differ.

NZ's problem is that all current stadia, including the mess in CHC are solely stadiums.  

No thought at all has been given to revenue generation on the other 6 days of the week when sport/music isn't on.  No stadium in Europe is built now without other key infrastructure such as a hotel (which happens to be in the plans for Auckland).  NZ can make them work if we stop being so backwards in our thinking and look beyond Saturday afternoon events.

No the main issue currently is the hugely higher costs of construction than in the past. Final cost of Forsyth Barr stadium in Dunedin was were $206.4M plus $18M interest for a total cost of $224.4M. Only $15M was required from Central Govt. It was mostly funded from the Otago Region - Otago Regional Council $37.5M, Community Trust of Otago $7.0M, University of Otago $10.0M, Dunedin City Council $98.5M.

Forsyth Barr was completed 2011, is roofed and seats 30,748 for sport & 36,000 for concerts.

12 years later the projected cost of the new ChCh Stadium (roofed, capacity sports 30,000) is minimum $683M!!  That's price inflation of 305% in 12 years!!  Two very similar stadiums, but huge cost differences.

Now the ChCh Stadium project probably has extra add ons that Forysth Barr doesn't have - but it's obvious that there has been massive increases in construction costs the last 12 odd years.

I couldn't find much info online but seems FB was trading profitably prior Covid. A Dunners local will know far better than me, but certainly it helps FB that with Lancaster Park gone they are the only sizeable venue in the South Island and get ALL the major music acts etc, who come to the SI. FB also caters to lots of other local events & has a close relationship to Otago Uni, hosting some of their stuff.

Read somehere on here Sky struggles to make any money, but again they seem to try and host as many events as possible. And then Eden Park is in a bad location, and it's well documented Helen Clark and friends limit the venue to a maximum of 6 concerts per year.

So I don't think NZ main venues are sitting on their hands not trying to attract more tenants & events. It's more the huge blowouts in construction costs re building new stadiums, and then Auckland itself having too many stadiums. Really one sizeable rectangular stadium per city, with the ability to downsize to 'club mode' (especially in Auckland where the National Stadium needs to be) is the way to go. And obviously having the stadia located away from residential areas like Mt Eden

Another new smaller stadium in Auckland aint the answer as it will just cannibalise events and tenants from Mt Smart or the National Stadium in ‘club mode’. This will be the feedback Mr Foley is getting 

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Unknown editor edited March 02, 2024 05:47
Marto
People here have said stadia in NZ are serious loss making ventures.  Europe begs to differ.

NZ's problem is that all current stadia, including the mess in CHC are solely stadiums.  

No thought at all has been given to revenue generation on the other 6 days of the week when sport/music isn't on.  No stadium in Europe is built now without other key infrastructure such as a hotel (which happens to be in the plans for Auckland).  NZ can make them work if we stop being so backwards in our thinking and look beyond Saturday afternoon events.

No the main issue currently is the hugely higher costs of construction than in the past. Final cost of Forsyth Barr stadium in Dunedin was were $206.4M plus $18M interest for a total cost of $224.4M. Only $15M was required from Central Govt. It was mostly funded from the Otago Region - Otago Regional Council $37.5M, Community Trust of Otago $7.0M, University of Otago $10.0M, Dunedin City Council $98.5M.

Forsyth Barr was completed 2011, is roofed and seats 30,748 for sport & 36,000 for concerts.

12 years later the projected cost of the new ChCh Stadium (roofed, capacity sports 30,000) is ChCh is gonna cost minimum $683M!!  That's price inflation of 305% in 12 years!!  Two very similar stadiums, but huge cost differences.

Now the ChCh Stadium project probably has extra add ons that Forysth Barr doesn't have - but it's obvious that there has been massive increases in construction costs the last 12 odd years.

I couldn't find much info online but seems FB was trading profitably prior Covid. A Dunners local will know far better than me, but certainly it helps FB that with Lancaster Park gone they are the only sizeable venue in the South Island and get ALL the major music acts etc, who come to the SI. FB also caters to lots of other local events & has a close relationship to Otago Uni, hosting some of their stuff.

Read somehere on here Sky struggles to make any money, but again they seem to try and host as many events as possible. And then Eden Park is in a bad location, and it's well documented Helen Clark and friends limit the venue to a maximum of 6 concerts per year.

So I don't think NZ main venues are sitting on their hands not trying to attract more tenants & events. It's more the huge blowouts in construction costs re building new stadiums, and then Auckland itself having too many stadiums. Really one sizeable rectangular stadium per city, with the ability to downsize to 'club mode' (especially in Auckland where the National Stadium needs to be) is the way to go. And obviously having the stadia located away from residential areas like Mt Eden

Another new smaller stadium in Auckland aint the answer as it will just cannibalise events and tenants from Mt Smart or the National Stadium in ‘club mode’. This will be the feedback Mr Foley is getting 
Unknown editor edited March 02, 2024 01:44
Marto
People here have said stadia in NZ are serious loss making ventures.  Europe begs to differ.

NZ's problem is that all current stadia, including the mess in CHC are solely stadiums.  

No thought at all has been given to revenue generation on the other 6 days of the week when sport/music isn't on.  No stadium in Europe is built now without other key infrastructure such as a hotel (which happens to be in the plans for Auckland).  NZ can make them work if we stop being so backwards in our thinking and look beyond Saturday afternoon events.

No the main issue currently is the hugely higher costs of construction than in the past. Final cost of Forsyth Barr stadium in Dunedin was were $206.4M plus $18M interest for a total cost of $224.4M. Only $15M was required from Central Govt. It was mostly funded from the Otago Region - Otago Regional Council $37.5M, Community Trust of Otago $7.0M, University of Otago $10.0M, Dunedin City Council $98.5M.

Forsyth Barr was completed 2011, is roofed and seats 30,748 for sport & 36,000 for concerts.

12 years later the projected cost of the new ChCh Stadium (roofed, capacity sports 30,000) is ChCh is gonna cost minimum $683M!!  That's price inflation of 305% in 12 years!!  Two very similar stadiums, but huge cost differences.

Now the ChCh Stadium project probably has extra add ons that Forysth Barr doesn't have - but it's obvious that there has been massive increases in construction costs the last 12 odd years.

I couldn't find much info online but seems FB was trading profitably prior Covid. A Dunners local will know far better than me, but certainly it helps FB that with Lancaster Park gone they are the only sizeable venue in the South Island and get ALL the major music acts etc, who come to the SI. FB also caters to lots of other local events & has a close relationship to Otago Uni, hosting some of their stuff.

Read somehere on here Sky struggles to make any money, but again they seem to try and host as many events as possible. And then Eden Park is in a bad location, and it's well documented Helen Clark and friends limit the venue to a maximum of 6 concerts per year.

So I don't think NZ main venues are sitting on their hands not trying to attract more tenants & events. It's more the huge blowouts in construction costs re building new stadiums, and then Auckland itself having too many stadiums. Really one sizeable rectangular stadium per city, with the ability to downsize to 'club mode' (especially in Auckland where the National Stadium needs to be) is the way to go.
Unknown editor edited March 02, 2024 01:37
Marto
People here have said stadia in NZ are serious loss making ventures.  Europe begs to differ.

NZ's problem is that all current stadia, including the mess in CHC are solely stadiums.  

No thought at all has been given to revenue generation on the other 6 days of the week when sport/music isn't on.  No stadium in Europe is built now without other key infrastructure such as a hotel (which happens to be in the plans for Auckland).  NZ can make them work if we stop being so backwards in our thinking and look beyond Saturday afternoon events.

No the main issue currently is the hugely higher costs of construction than in the past. Final cost of Forsyth Barr stadium in Dunedin was were $206.4M plus $18M interest for a total cost of $224.4M. Only $15M was required from Central Govt. It was mostly funded from the Otago Region - Otago Regional Council $37.5M, Community Trust of Otago $7.0M, University of Otago $10.0M
Dunedin City Council $98.5M.

Forsyth Barr was completed 2011, is roofed and seats 30,748 for sport & 36,000 for concerts.

12 years later the projected cost of the new ChCh Stadium (roofed, capacity sports 30,000) is ChCh is gonna cost minimum $683M!!  That's price inflation of 305% in 12 years!!  Two very similar stadiums, but huge cost differences.

Now the ChCh Stadium project probably has extra add ons that Forysth Barr doesnt have - but it's obvious that there has been massive increases in construction csost the last 12 odd years.

I couldn't find much info but seems FB was trading profitably prior Covid. A Dunners local will know far better than me, but certainly it help FB that with Lancaster Park gone they are the only sizeable venue in the South Island and get ALL the major music acts etc who come to the SI. FB also caters to lots of other local events & has a close relationship to Otago Uni, hosting some of their stuff.

Read somehere on here Sky struggles to make any money, but again they seem to try and host as many events as possible. And then Eden Park is in a bad location, and it's well documented Helen Clark and friends limit the venue to a maximum of 6 concerts per year.

So I don't think NZ main venues are sitting on their hands not trying to attract more tenants & events. It's more the huge blowouts in construction costs re building new stadiums, and then Auckland itself having too many stadiums. Really one sizeable rectangular stadium per city, with the ability to downsize to 'club mode' (especially in Auckland where the National Stadium needs to be) is the way to go.