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Dunedin’s Forsyth Barr Stadium risks financial collapse unless city council increases funding, with options to limit debt to $37M or $49M by 2060.
Dunedin’s Forsyth Barr Stadium faces financial instability unless city council boosts annual funding, with a report warning debt could surge to $194 million by 2060 without action.
Councillors are weighing a gradual $2.5 million increase over two years or a faster $2.25 million annual rise.
The slower plan would cut projected debt to $37 million by 2060, below the stadium’s estimated land value, while the faster option leaves $49 million in debt.
The stadium is seen as vital for community and economic benefits, but rising costs threaten its sustainability.
The recommended funding shift would raise non-water rates by 0.8 percentage points in 2026-27, compared to 1.4 under the alternative, with a proposed overall rates increase of 10.5%.
El estadio Forsyth Barr de Dunedin corre el riesgo de un colapso financiero a menos que el ayuntamiento aumente el financiamiento, con opciones para limitar la deuda a $37M o $49M para 2060.