beave
Coach
- Messages
- 15,679
http://www.townsvillebulletin.com.a...d-to-new-stadium/story-fnjfzs4b-1227277489572
THE ongoing costs of maintaining 1300SMILES stadium could be redirected into building a new stadium in Townsville’s CBD.
The State Government is being urged to add to its $100 million commitment by utilising some of the capital expenditure which would ordinarily be needed to maintain the Cowboys’ home ground.
The move could mean millions of extra dollars are delivered towards the project, with Stadiums Queensland last year spending $16.7 million on capital outlays for its nine stadiums.
Labor promised $100 million for the project at the State Election, meaning other sources need to be found to fund the estimated $210 million project.
The push to use the capital expenditure is one of the options being raised by a new committee established to continue the push for the stadium, comprising Townsville City Council, Townsville Enterprise, Townsville Chamber of Commerce, the North Queensland Cowboys and the NRL.
Townsville Enterprise chief executive Patricia O’Call*aghan said using future capital costs for 1300SMILES was one of the options being canvassed.
“Our approach is to work with the State Government in a collaborative way to deliver the Stadium and Entertainment Centre,” she said.
“All stakeholders are looking into different strategies to fully fund the project.
“We welcome the $100 mill*ion already committed and we are confident the State Government will deliver the project in a timely manner.”
A 2013 feasibility study found building a stadium in the CBD would be better value than upgrades to repair the ageing 1300SMILES Stadium.
It is understood the Government plans to demolish the stadium and sell the land when the new venue is completed, meaning some capital upgrades could be foregone.
A spokesman for Treasurer Curtis Pitt would not rule out the possibility the Government could add to its $100 million commitment by redirecting some of Stadium Queensland’s capital expenditure.
The spokesman said the Government would continue to provide the same level of annual funding for 1300SMILES Stadium until it worked through the preferred delivery model for the new stadium.
“The successful delivery of the Townsville stadium will depend on the local, state and federal governments working together with the private sector,” the spokesman said.
Townsville MP Scott Stewart said it was important to secure other sources of funding, including the NRL and the Federal Government.
THE ongoing costs of maintaining 1300SMILES stadium could be redirected into building a new stadium in Townsville’s CBD.
The State Government is being urged to add to its $100 million commitment by utilising some of the capital expenditure which would ordinarily be needed to maintain the Cowboys’ home ground.
The move could mean millions of extra dollars are delivered towards the project, with Stadiums Queensland last year spending $16.7 million on capital outlays for its nine stadiums.
Labor promised $100 million for the project at the State Election, meaning other sources need to be found to fund the estimated $210 million project.
The push to use the capital expenditure is one of the options being raised by a new committee established to continue the push for the stadium, comprising Townsville City Council, Townsville Enterprise, Townsville Chamber of Commerce, the North Queensland Cowboys and the NRL.
Townsville Enterprise chief executive Patricia O’Call*aghan said using future capital costs for 1300SMILES was one of the options being canvassed.
“Our approach is to work with the State Government in a collaborative way to deliver the Stadium and Entertainment Centre,” she said.
“All stakeholders are looking into different strategies to fully fund the project.
“We welcome the $100 mill*ion already committed and we are confident the State Government will deliver the project in a timely manner.”
A 2013 feasibility study found building a stadium in the CBD would be better value than upgrades to repair the ageing 1300SMILES Stadium.
It is understood the Government plans to demolish the stadium and sell the land when the new venue is completed, meaning some capital upgrades could be foregone.
A spokesman for Treasurer Curtis Pitt would not rule out the possibility the Government could add to its $100 million commitment by redirecting some of Stadium Queensland’s capital expenditure.
The spokesman said the Government would continue to provide the same level of annual funding for 1300SMILES Stadium until it worked through the preferred delivery model for the new stadium.
“The successful delivery of the Townsville stadium will depend on the local, state and federal governments working together with the private sector,” the spokesman said.
Townsville MP Scott Stewart said it was important to secure other sources of funding, including the NRL and the Federal Government.