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Christchurch stadium not all about the BCR

The National Business Review Online is New Zealand's authority in breaking business news and analysis.

Christchurch stadium downsize shortsighted, councillor says

Concept drawing of new Christchurch multi-use stadium. Photo: Christchurch City Council After a four-hour meeting, Christchurch City Council voted on Thursday to reduce the number of seats in the arena from 30,000 to 25,000 in an attempt to stem an $88 million budget blowout. It was meant to be Christchurch s last big post-earthquake project - a $473 million indoor stadium ideal to bring top tier All Black test matches back to the country s second largest city. But the consortium behind the it broke the news earlier this week that the original design would cost a lot more than the budgeted amount. Among the reasons for ballooning costs is the rising price of steel and shipping since the outbreak of Covid-19.

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