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28 Sep 2020 8:04
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  •   Home > News > Business

    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

    Business:
    The Government and business leaders are at odds over border issues 7:56

    Business:
    Business leaders want their voices to be heard at the Cabinet table 7:46

    Law and Order:
    Tributes from colleagues and rugby club mates, for a New Zealand-born police officer shot dead in London 7:36

    Cricket:
    White Ferns captain Sophie Devine's adamant their mental game is sound 7:26

    Law and Order:
    A 31-year-old's due in Manukau District Court today in relation to the death of a 10-month-old in South Auckland 7:26

    Motorsports:
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    Accident and Emergency:
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    Rugby League:
    The Warriors have left it all out on the field 21:17

    Basketball:
    The Los Angeles Lakers are back in the NBA Finals for the first time in a decade 18:07

    Environment:
    The Central North Island has been shaken by a moderate earthquake 17:37


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