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20 Jan 2020 23:23
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  •   Home > News > Politics

    The investment case for Christchurch's multi-use arena is before the City Council today

    The investment case for Christchurch's multi-use arena is before the City Council today


    It says to be competitive and attract international and national events, the arena would need a roof, a minimum 25-thousand seats, a fixed rectangular turf and high quality acoustics.

    It's projecting the arena would cost almost 475 million dollars to build.

    The council has allocated 253-million towards the project, with the Crown signalling it would contribute 220-million.

    The net operating cost is anticipated to be 4.2 million dollars per year, with the Council providing 4.1 million from its Long Term Plan.

    If the arena doesn't proceed, rates savings of about 2.9 per cent could be made.

    © 2020 Newstalk ZB, NZCity


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     Today's News

    International:
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    Business:
    A resounding win for Australia's consumer watchdog, in its case against the travel website Trivago 22:16

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    International:
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    International:
    Pig forced to bungee jump in Chinese theme park stunt 19:47

    Environment:
    A giant dust storm that's rolled through Dubbo, in New South Wales' central west, is being called apocalyptic 18:57

    Wellington:
    A person is in a serious condition after falling from a cliff at Titahi Bay in Wellington 18:37

    Tennis:
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    The San Francisco 49ers have booked a spot in the Super Bowl, continuing their resurgence in the NFL 17:47

    Tennis:
    23-times Grand Slam winner Serena Williams and defending champion Naomi Osaka have notched straight set wins to open their Australian Open campaigns 17:27


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