We’re still working on the Waitaki Event Centre

When Council’s 2021-31 Long Term Plan asked people if they wanted us to support the planned sports and event centre, most of the responses said yes, so Council voted to put $10 million into the project. 

We’ve worked with the Waitaki Event Centre Trust since then to plan a facility our communities want. But rising costs have pushed the cost of building the Centre up by more than 30%, from $25 million in 2021, to $31 million in 2023. The Trust needs to raise more funds to build the Centre, and Council is considering the need to contribute more, for the project to continue. 

Option A: Proceed with Council’s contribution of $10 million as committed in the 2021-31 LTP, loan funded over 20 years

  in 2024-25 in 2025-26
 Impact on average Rates ($ per year depending on how close the Ward is to the facility)  $30.18 $83.09  

Option B: Increase Council’s contribution from $10 million to $15 million, loan funded over 20 years

  in 2024-25 in 2025-26
 Impact on average Rates ($ per year depending on how close the Ward is to the facility)  $37.31 $119.32  

Option C: Discontinue the Event Centre project based on increasing costs.

Feedback on the 2023-24 Annual Plan has now closed. We asked:

Would you support Council contributing extra funds for the project to continue?