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Stadium funding

Case study for students: Dunedin stadium.

The Trust proposed the following funding for the new stadium, with DCC paying the highest amount – $85 million. DCC decided to add a further $6 million (the budget for on-going maintenance), taking its total contribution to $91 million.

Who pays Expected cost
Dunedin City Council (DCC) $85 million
Otago Regional Council (ORC) $37 million
University of Otago $10 million
Community Trust of Otago $10 million
Other sources (membership, naming rights, founders' club and so on) $43 million
Sale of Carisbrook Stadium $3 million
STADIUM DEVELOPMENT COST $188 million
Dunedin City Council (DCC) – to fund major maintenance for 50 years $6 million
TOTAL FUNDING $194 million

Note: In April 2009, the New Zealand Government added a contribution of $15 million.