Minister for Greater Christchurch Regeneration Dr Megan Woods has promised the Government will work hand in hand with Christchurch City Council to ensure the city gets a new stadium.
Speaking at a post-Budget briefing hosted by ChristchurchNZ this morning, Dr Woods said the stadium was one of the projects that would benefit from the $300 million capital acceleration fund included in last week’s Budget.
It was likely the stadium would have seating for 30,000 and a covered roof.
“The promise I want to make today is the Crown will work hand in hand, in true partnership with the Council, to make this happen,’’ Dr Woods said.
Treasury officials would work with the Council to help put together a business cases for the stadium and to develop a procurement strategy. Once the Council had finalised its Long Term Plan, they would go to the market to seek expertise on how the project could be delivered.
The new stadium would be a catalyst for creating a vibrant, exciting, bustling entertainment precinct, the Minister said.
The regeneration of the residential red zone and land drainage projects were also likely to benefit from the $300 million capital acceleration fund, she said.
Mayor Lianne Dalziel said the Government, in establishing the capital acceleration fund, had fulfilled its election promise.
"This fund is not a cost to the Crown or the people of New Zealand. It is an investment that will deliver major intergenerational returns,’’ she said.