Keeping equity funding at the status quo risked sending Dunedin Stadium Property Ltd debt from $85 million to $194m in 2060, they were warned. Councillors are this week set to consider assigning more money annually for stadium debt repayment, amid rising operating and capital costs. The option recommended by Dunedin City Council staff is to provide additional funding of $1.25m to Dunedin Stadium Property Ltd in 2026-27 and increasing it by another $1.25m the next year. The recommended option would do this comfortably, making the estimated debt $37m by 2060. The recommended option for stadium debt repayment would take the non-water component of the projected rates increase from 6.1% to 6.9% in 2026-27.

Source: Otago Daily Times March 01, 2026 17:09 UTC