The Christchurch City Council has prioritised the building of a new stadium after reaching an agreement on how it wants money from the government’s Capital Acceleration Fund to be spent.
The fund was set up earlier this year and is designed to accelerate Christchurch’s regeneration. The city council has now voted to spend NZ$220m of its funding on a new multi-use arena or stadium.
A further NZ$40m will be set aside for roading and transport infrastructure, while NZ$40m will also be committed to residential and red zone seed funding.
Christchurch Mayor Lianne Dalziel said: “The arena is the last piece in the jigsaw of the Government’s Blueprint, which investors have relied on to make significant investments in our city. This is about providing confidence.”
Radio New Zealand reported that the council plans on commencing building work on the stadium in 2020, with a likely opening date of 2024.