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

 


Eden Park To Contribute $72M To Auckland’s Economy

Media release 
Monday 24 February

Eden Park To Contribute $72M To Auckland’s Economy

It hosted a crowd of nearly 100,000 for the inaugural NRL Nines last weekend, it’s New Zealand’s most iconic sports stadium and a hallowed ground for sports fans, and research shows it’s also a major contributor to the economic well-being of both the nation and its largest city.

In 2014, the Eden Park Trust forecasts activity at Eden Park will contribute around $90 million in gross domestic product (GDP) to the New Zealand economy. $72m of that will be retained in the Queen City.

These figures are contained in a study by research company Fresh Info Co that looked in to the contribution Eden Park makes to the Auckland and New Zealand economies. The study follows the release of The Eden Park Trust’s annual report which shows 2013 was a year of good progress for the 50,000-seat stadium.

The Trust increased its net profit before depreciation by 172 per cent to $1.2 million, while repaying $2.6 million of its commercial loans. It also re-documented the one remaining bank facility not guaranteed by Auckland City.

The Eden Park Trust CEO David Kennedy says forecasts for 2014 are encouraging.

“Fixtures in the Park have increased by 26% since 2010 and the calibre of sport and entertainment content at the ground continues to be superb.

“In terms of a direct revenue contribution to the city, the report predicts we will generate more than $74 million for Auckland this year which equates to around $72 million in GDP. Nationally, the figures are $86 million and $90 million respectively,” Kennedy says.

Eden Park’s expected contribution to national GDP represents an increase of around 110 per cent on the actual figure for 2010 and 21 per cent on the estimate for 2012.

The ground is forecast to host 29 fixtures in 2014 up from 24 last year and 19 in 2010. Nearly 600,000 spectators are expected to pass through its turnstiles this year.

Rugby continues to be the dominant event hirer. During 2013 Eden Park hosted The All Blacks, The Blues and Auckland Rugby for 14 matches in total. The annual secondary schools and club rugby finals were also held at Eden Park. The Wellington-based Phoenix Football Club played its second game there in February 2013 and its third earlier this month.

Outside the sporting arena, Eden Park hosted more than 1,000 functions ranging from three-day business conferences to school balls and weddings.

EPT_Annual_Accounts_2013_Final.pdf

Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Two Dead, One Injured – Suspect Arrested:

Police apprehended Russell John Tully just after 5pm this evening following the armed incident in Ashburton this morning.

Canterbury dog section and AOS apprehended Tully not far from Lake Hood. No shots were fired although Tully will be treated for minor dog-bite injuries.

Tully is now in custody at Ashburton Police Station. More>>


  • 3 News Out-Link - Livestream: Ashburton shooting press conference from 5pm

  •  

    Parliament Today:

    John Key Press Conference: Ashburton Shootings, Judith Collins Inquiry

    Prime Minister John Key has delayed the release of Nationals’ fiscal policy in light of this morning’s shooting at a Work and Income office in Ashburton... Key also answered questions about Judith Collins, and confirmed that independent inquiry will be held with regard to allegations made against Collins. More>>

    Gordon Campbell:
    On John Key’s ‘Blame It On Judith’ Strategy

    Right now, Prime Minister John Key seems intent on limiting the scope of any inquiry into his government’s dealings with Cameron Slater. The declared aim is to make that inquiry solely about Judith Collins’ behavior with respect to the Serious Fraud Office. More>>

    ALSO:

    Gordon Campbell: On The Debate, And The Collins Accusation

    Debating is a peculiar discipline in that what you say is less important than how you’re saying it. Looking poised, being articulate and staying on topic generally wins the day – and on that score, Labour leader David Cunliffe won what turned out to be a bruising encounter with Prime Minister John Key last night on TVNZ. More>>

    ALSO:

    Gordon Campbell: On Winston Peters' Latest Bout Of Immigrant Bashing

    It is only one poll, but rather than cannibalising each other's vote, Colin Craig and Winston Peters do seem to be managing to find the room to co-exist... Few are questioning how Peters got to this happy place, and what it says about the mood of the electorate. More>>

    ALSO:

    More Immigration News: First People Trafficking Charges

    The first people trafficking charges in New Zealand have been brought by Immigration New Zealand (INZ)... The defendants have been charged under the Crimes Act 1961 for arranging by deception the entry of 18 Indian nationals into New Zealand. More>>

    Collins 'Misinterprets Media Reports': "Too Compromised To Remain Justice Minister"

    Bizarre claims by Judith Collins this morning that she had been cleared of inappropriate behaviour by the Privacy Commissioner demonstrates she is too compromised to remain Justice Minister, Labour MP Grant Robertson says. More>>

    ALSO:

    Labour On Climate Change: Focus On The Now For The Future

    A Labour Government will put in place a comprehensive climate change strategy focusing on both mitigation and adaptation, establish an independent Climate Commission and implement carbon budgeting, says Labour Climate Change spokesperson Moana Mackey. More>>

    ALSO:

    Gordon Campbell: On National’s Housing Assistance Plan

    So, as many as 90,000 people could derive some benefit from National’s housing assistance plans for low and middle-income earners... Yet in reality, the benefits seem likely to be insignificant, and they will be skewed towards those at the top end of the income group that’s supposedly the target. More>>

    ALSO:

    Election Data Consortium: National’s Worst Case Scenario At Stage One?

    A month out from the general election and ipredict traders are still forecasting National’s vote to slip below current polling levels and there is potential for it to fall further. More>>

    ALSO:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
    Regional
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news