
bruce
Contributor
It is like increasing the rent on the house you own and live in just to pay more to the bank.So up the rents?
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It is like increasing the rent on the house you own and live in just to pay more to the bank.So up the rents?
It is like increasing the rent on the house you own and live in just to pay more to the bank.
Comments on talkback and it's one of the arguments that keeps coming up.Who said that?.
I see your point.surely it would be better for rugby and cricket to pay an increased rent than to have nowhere to play their games when the stadiums are not fit for purpose (in the case of Eden Park this is not far away?)
I don't think it is about NZ cricket and rugby they have a choice where they go.But its not the council's problem if North Harbour and Auckland rugby, or NZ cricket, lose money?
I think the Warriors are earning way more than Auckland Rugby and Cricket. That was why the Council wanted them at Eden Park.So charge Auckland and North Harbour rugby higher rents as the fixed remnants (and the NZRU and NZ cricket when they want to use the stadiums.)
The Warriors are obviously paying enough rent at Mt Smart to cover the council's costs associated with owning the stadium so why not the council's other tenants?
Auckland Council need to really decide what they will allow to occur there - they want the money owed to them to be repaid yet seem reluctant to allow changes to allow Eden Park 2 and the other properties around the stadium that the EPTB own to be commercially developed.What would be the point of building a new stadium and keeping Eden Park - how does that solve the problem that the chairman of the Eden Park trust raised last week (they can pay the bills and their loans but cannot afford the upkeep and maintenance?)
What would be the point of building a new stadium and keeping Eden Park - how does that solve the problem that the chairman of the Eden Park trust raised last week (they can pay the bills and their loans but cannot afford the upkeep and maintenance?)
I think it is the old guard that regard Eden Park as a shrine. They carry a lot of weight, especially in conservative politics. They won't fork out their own money to keep the place going though.Auckland Council need to really decide what they will allow to occur there - they want the money owed to them to be repaid yet seem reluctant to allow changes to allow Eden Park 2 and the other properties around the stadium that the EPTB own to be commercially developed.
Auckland Council need to really decide what they will allow to occur there - they want the money owed to them to be repaid yet seem reluctant to allow changes to allow Eden Park 2 and the other properties around the stadium that the EPTB own to be commercially developed.
I think it is the old guard that regard Eden Park as a shrine. They carry a lot of weight, especially in conservative politics. They won't fork out their own money to keep the place going though.
Right now it appears to be the Auckland Council. It is the old story if you owe the bank a little bit you have problems, if you owe them a lot they have problems. That is where the politics comes into it but I think the likes of Martin Snedden entering the debate on the side of the new stadium shows where the sensible opinion is.So if they won't fork out and the Eden Park trust doesn't have the money who is expected to bail them out?
Right now it appears to be the Auckland Council. It is the old story if you owe the bank a little bit you have problems, if you owe them a lot they have problems. That is where the politics comes into it but I think the likes of Martin Snedden entering the debate on the side of the new stadium shows where the sensible opinion is.
Even that is just a short term solution as the Eden Park trust would have to sell the land, something you can do only once.
If they borrowed the money and did the redevelopment themselves the return would pay for the development but not the additional income required for the stadium upkeep.
Not necessarily - do what the Iwi did wth the Waterfront, the Anglican Church has with St Johns and the One Tree Trust have done around cornwell park and sell of the rights to someone else to undertake the development of the land as leasehold so it creates an annual land rent/income for EPTB.
Good point. That land is high value, especially compared with an industrial dump like Mount Smart. I recall it was one of the first points that JD raised.Not necessarily - do what the Iwi did wth the Waterfront, the Anglican Church has with St Johns and the One Tree Trust have done around cornwell park and sell of the rights to someone else to undertake the development of the land as leasehold so it creates an annual land rent/income for EPTB.