Here's Dunedin Mayor Dave Cull (who was on Council but wasn't mayor when Council decided to build the stadium; he had voted against the stadium):
The NZ Rugby Union had previously said the new stadium would be key for the Otago team's viability; I doubt they expected it to be key in ensuring a Council (and NZRU) bailout.The ORFU was bailed out because "the financial model around the so-called private sector funding component of building the stadium is dependent on revenues from the games that professional rugby play there."I'd have to say, before it was being built and right up until now, that was the most imprudent, risk-laden way of financing anything. It was basically pretty stupid, but we've got it, and we have to find a way of maintaining the revenue stream for that, or it falls back on the ratepayer. This deal has avoided that,'' he told Radio Sport.
Meanwhile, there's an investigation into what the stadium actually did cost the city.