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Final council decision

Case study for students: Dunedin stadium.

DCC committed $91 million to the stadium in March 2008. It planned to borrow this amount, repaying the debt with a mixture of rates and other income. It believed that using debt to fund the stadium was appropriate because doing so would spread the cost across future generations who would benefit from the facility.

DCC added a condition – that a way be found to reduce the ratepayers' contribution by $20 million, lowering their yearly burden from $66 to $37.