News | Business
25 Jan 2020 1:29
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Days of Xmas
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   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


     Other Business News
     24 Jan: The country's data agency says it's not surprising rents are continuing to skyrocket
     24 Jan: Bad news for retail workers
     24 Jan: New heating requirements are puzzling tenants, landlords and property managers
     24 Jan: Rents rose last year at the fastest pace in more than a decade
     24 Jan: A shortage of logs is behind the possible closure of a Northland sawmill
     23 Jan: Workers at Cotton On are outraged the company's unexpectedly closed two Porirua stores
     23 Jan: Saracens chairman Neil Golding claims another audit would've involved more financial and emotional strain
     Top Stories

    RUGBY RUGBY
    New Zealand Rugby's announced an extensive review to futureproof the sport More...


    BUSINESS BUSINESS
    The country's data agency says it's not surprising rents are continuing to skyrocket More...



     Today's News

    Wellington:
    State Highway 2 north of Upper Hutt is closed, after a two car smash 21:57

    Entertainment:
    Catherine Zeta-Jones is “so proud” of her husband Michael Douglas’ Screen Actors Guild (SAG) Award nomination 21:30

    Law and Order:
    Another person has been arrested following the gang-related drive by shooting in Ruatoria, north of Gisborne last week 21:17

    Entertainment:
    Jamie Foxx doesn't want the Oscars diversity row to overshadow the "deserving" nominees 21:00

    Entertainment:
    Jennifer Aniston was "shaking" after her Screen Actors Guild (SAG) Awards win 20:30

    Tennis:
    Ash Barty wins Australian Open third-round match to make last 16 at Melbourne Park 20:17

    Entertainment:
    Josh O'Connor has backed the Duchess of Sussex to play herself in an upcoming series of 'The Crown' 20:00

    Entertainment:
    Bong Joon-Ho insists "no one can predict" whether 'Parasite' will be successful at the Oscars 19:30

    Entertainment:
    Robert De Niro called out the "dire" political climate of the US as he accepted a Life Achievement Award at the Screen Actors Guild (SAG) awards on Sunday (19.01.20) 19:00

    Motoring:
    Advice for holiday-makers heading out of Auckland 18:57


     News Search






    Power Search


    © 2020 New Zealand City Ltd