Eden Park redevelopment is forecast to be $385 million. Expected funders are:
Trust Board $90m
The City Council is talking $50 million but $26 million may go on roading to it. Likewise ARC is talking money into public transport only. Personally I think the ARC should be making a direct contribution – it is most certainly a regional stadium.
The Govt would find it very hard politically to put in more than $100 million. So the shortfall looks to be at least $75 million which I suspect at the end of the day will end up with Auckland City ratepayers.
I am glad the plans for a hotel and airport tax has been dropped. It would have been grossly unfair to travellers and the tourism industry.Tags: Local Body Politics