tag:blogger.com,1999:blog-2830084253401570472.post188369387863085797..comments2024-03-18T15:42:43.140+13:00Comments on Offsetting Behaviour: Long-term financingEric Cramptonhttp://www.blogger.com/profile/15831696523324469713noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2830084253401570472.post-55338630412298874802012-12-22T15:26:52.698+13:002012-12-22T15:26:52.698+13:00What is it with NZ politicians and stadia?
It seem...What is it with NZ politicians and stadia?<br />It seems to be a mental condition.Mr_V4noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-68549808763805232012012-12-21T16:18:05.686+13:002012-12-21T16:18:05.686+13:00I think you underestimate how much can be raised a...I think you underestimate how much can be raised at bake sales.<br /><br />Kidding. Whole project is nonsense.Eric Cramptonhttp://offsettingbehaviour.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-25733240828932534582012-12-21T15:36:51.236+13:002012-12-21T15:36:51.236+13:00If you could get 30,000 people (10% of Chch popula...If you could get 30,000 people (10% of Chch population) to attend 50 times per year (or 100% of the population to attend 5 times per year), and charge them $50 per time, your total revenue would be $75M per year. That'd give you 5 year payback if you had no operating expenses whatsoever, but I think those assumptions are ludicrous.<br /><br />More likely you'd get a half full stadium 25 times a year, at $30 per ticket average. Total revenue is therefore $19M per annum. Assume it costs $5M in staff, utilities, consumables etc. So you have $14M per annum. You've got 28 years payback with no time value of money, more like 50 years if you use any sensible discount rate.<br /><br />No way this stacks up. What did the cake tin cost in Wgtn, and how many does it seat? Is the problem that $400M is just a bit expensive for a 30,000 seat stadium?PaulLnoreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-70480495460099030622012-12-21T10:49:14.670+13:002012-12-21T10:49:14.670+13:00Sure, add that in. And what, $1m from cricket?
...Sure, add that in. And what, $1m from cricket? <br /><br /><br />It'll be interesting to read whatever business case they wind up coming up with.Eric Cramptonhttp://offsettingbehaviour.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-75895360271696034032012-12-21T09:52:21.167+13:002012-12-21T09:52:21.167+13:00What about one All Blacks game per year? 30,000 a...What about one All Blacks game per year? 30,000 at $100 per ticket is another $3m on top of the $1m from the Crusaders.<br /><br /><br />Sure, it would still only give you $60m to build the new stadium, but it's an improvement. (Not arguing that a flash new stadium will ever be financially viable.)Kiwi Poll Guynoreply@blogger.com