Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Arena negotiations formalised


Arena negotiations formalised

Auckland City Council will sign a formal heads of agreement to work on plans for a 12,000-seat indoor arena with a consortium led by the Sydney-based company Jacobsen Venue Management Pty Limited.

Jacobsen Venue Management (JVM) is part of a well-known Australian venue management company with a long track record of successful promotion and management of venues. These have included Brisbane Entertainment Centre, Newcastle Entertainment Centre, The Sydney Convention and Exhibition Centre and Her Majesty’s Theatre in Brisbane.

Venues currently under JVM management include: Sydney Entertainment Centre Brisbane Convention and Exhibition Centre Sydney Capital Theatre

Other members of the JVM-led consortium are Bovis Lend Lease (acting as project manager) and Auckland based construction company Mainzeal Construction. Leading architects are Crawford Architects, whose track record includes the Minnesota Stadium, Fenway Park Masterplan (Home of The Boston Red Sox) and the Perth Convention and Exhibition Centre.

The Jacobsen-led consortium was the council’s second preferred proponent when it called for expressions of interest in the development and operation of an indoor arena in downtown Auckland.

The council has been in negotiations with Jacobsen Venue Management (JVM) since August, when it closed off its exclusive dealings with Abigroup Limited.

The chairperson of the council’s Recreation and Events Committee, Councillor Scott Milne, says its decision to proceed to a formal agreement means that the council and JVM will sign a heads of agreement to work together on the detail of a commercial agreement.

“We have done our due diligence and are satisfied that JVM has expertise and considerable experience in running and managing venues like the planned arena.”

The heads of agreement will provide for a six-month exclusive dealings period, during which legal and business issues will be dealt with in confidence and JVM will get on with the arena’s design.

The aim is an agreement to develop the arena as a public/private partnership, with JVM owning and managing the arena including taking on the operational risks.

Subject to the successful negotiation of the detail, the JVM-led consortium will aim to have construction completed by the end of 2005.

Mr Milne says nothing that has happened in the past 12 months has undermined the council’s commitment to building the arena.

“If anything, the council is more confident than ever that Auckland can support an indoor arena that will bring major entertainment and sports events to the region and country.

“The council is equally convinced that an indoor arena is part of the essential infrastructure of a vibrant, attractive and prosperous city.”

He says the council will increase its contribution to the capital cost of the arena from $50 million to $58 million. The balance of the cost of the estimated $68 million base cost of the arena would be contributed by JVM.

The resource consent obtained earlier this year for the Abigroup proposed arena will continue to apply to the arena site at Quay Park provided that the JVM design falls within the parameters of the existing consent.

A poll conducted by Auckland City in October 2003 confirmed that most people believe that the Auckland region needs an indoor arena.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election