Appendix A
Inquiry into Dunedin City Council and Otago Regional Council's funding of the proposed stadium.
PROPOSED SOURCES OF FUNDING SOURCES FOR THE PROPOSED STADIUM
Based on information from the Carisbrook Opportunity, Master Plan and Feasibility Report
| Funding source | Costs |
|---|---|
| Dunedin City Council (this includes the $6.359 million 50-year “capital maintenance” budget shown below) |
$91.359 million |
| Otago Regional Council | $37.470 million |
| University of Otago | $10 million |
| Community Trust of Otago | $10 million |
| Other sources (membership, naming rights, founders’ club) | $42.53 million |
| Sale of Carisbrook | $3 million |
| Total funding requirement | $194.359 million |
| Less 50-year “capital maintenance” requirements (to fund future major plant and building element replacements, such as seats and roof covering) | $6.359 million |
| Total development cost | $188 million |