Christchurch forms new company to manage stadium project

Christchurch City Council is seeking directors for a new company which will oversee the development of the New Zealand city’s proposed new 25,000-seat stadium.

A job posting stated that the company will build the stadium, located within the heart of Christchurch, adding that it is envisaged enabling works will commence this year, construction in 2021 and completion by 2024.

The council is seeking expressions of interest from potential directors for the inaugural board of the company. The listing, which has a deadline of February 14, said successful applicants for the non-executive roles will need “governance experience, be a strategic thinker and an active participant around the board table, with a solid appreciation of project governance best practice”.

The posting added: “This is a unique opportunity for suitably experienced and passionate candidates to work on a significant project helping re-establish Christchurch as a sporting and cultural capital while boosting the city’s economy by attracting visitors from around New Zealand and the world.”

Christchurch Mayor Lianne Dalziel said that the multi-purpose stadium will be a game-changer after the city council approved the investment case for the project in December. The covered stadium is the last of the anchor projects in the Christchurch Central Recovery Plan and will cost NZ$473m (£235.8m/€278.4m/$306.4m) to build.

The council is putting NZ$253m towards the project, while the Crown will contribute NZ$220m from the Christchurch Regeneration Acceleration Facility towards the costs – provided the investment case stacks up.

Councillors are discussing the next steps for stadium funding this week, with a final agreement expected no later than March 2.

Image: Christchurch City Council