Sounds like a storm in a teacupIt’s pretty self explanatory isn’t it?
Historically the Sports Commission has been loath to maintain their infrastructure to standards that the ACT needs for its community and sports teams to benefit from them. That has lead to a situation where it’s become expected that the ACT ratepayer will fund upgrades and maintenance of the stadium and arena that are federally owned.
In other words the ACT ratepayer has been forced to sink 100s of millions of dollars into stadiums and arenas they don’t own to keep them functional, but don’t actually get any of the benefits of ownership of those assets as a result.
Where the revenue from the stadium should go is constantly up for debate, we don’t own them so we don’t have the right to sell them, and every time something needs repairing or upgrading there’s a big bureaucratic debate as to who’s job it is to pay for it.
The ACT not owning the stadium and arena has also been the single biggest hurdle in getting them replaced. If the ACT owned them the land they are on would have been sold to developers to fund construction of new ones a decade or more ago, and you and I wouldn’t be having this discussion at all.
if the money comes for a new stadium it won’t need major upgrades for 30 years
I can’t see the feds putting in more than 300 million max so the act govt will need to top that up for a roofed modern stadia