Ōtautahi – Christchurch City Council is cancelling an extraordinary meeting it had scheduled for next Wednesday June 1 to clear up costs of the city’s big new stadium.
The council was going to consider the escalating cost of the city’s multi-use arena, Te Kaha, and whether it should consult the public about increasing the $533 million budget for the project.
But the Te Kaha delivery company has advised the Council it will not be in a position by Wednesday to provide a firm price for the arena.
Te Kaha Project Delivery says their lead contractor BESIX Watpac is due to deliver its final submission for the d and build contract tomorrow, but discussions to date indicate there are outstanding issues that need addressing.
So, Te Kaha is not in a position to provide the council with the financial information it needs in order to consider its next steps.
The cost of building the new stadium, which is now facing more delays, will be made publicly available as soon as it is possible, but not yet.
The Te Kaha delivery company says the $533 million budget for the stadium is under pressure and cost have been climbing.
Some costs have climbed because of the global supply chain issues and material price increases that have arisen out of the covid pandemic.