Christchurch Multi-Use Arena
Preferred bidder announced
Greenfield (construction) or brownfield (government asset divestment) projects needed or likely to occur within the next five years, but is not formally proposed by a state, territory or major local government.
The project or divestment is supported by a state, territory or major local government, is subject to studies or other processes (such as pre-feasibility or scoping studies or business case development), and is likely to proceed to formal announcement.
The project has a firm commitment and timeline from a state, territory or major local government, but has not yet entered the market.
The project or transaction is under procurement (such as a call for Expressions of Interest, requests for tender, or another offer to the market).
Preferred bidder announced
A preferred bidder has been selected and is in exclusive negotiations.
Projects that have progressed to contractual close remain on ANZIP for 12 months.
ANZIP is focused only on major infrastructure activity, above the following thresholds:
Construction projects: > AUD$300m
Investable greenfield & brownfield: > AUD$100m
All greenfield and brownfield projects and divestments: > NZD $100 million
The New Zealand Government and Christchurch City Council jointly committed to explore the feasibility of a new multi-purpose sports and entertainment arena, including a stadium, on NZ Government land in the city centre. The decision followed damages sustained to AMI Stadium (previously Rugby League Park) and Lancaster Park during the 2011 earthquake the NZ.
In August 2017, Christchurch Stadium Trust released a pre-feasibility study into a new multi-purpose Christchurch Arena capable of hosting sporting events as well as exhibitions and concerts. The study identified a shortlist of options, and provided recommendations on the preferred options, amenities and precinct infrastructure necessary to deliver the stadium.
The four options include:
- 25,000 permanent seat arena (plus 5,000 temporary seats), with 75-80 per cent roof cover and a non-retractable pitch, estimated to be $368 million;
- 25,000 permanent seat arena (plus 5,000 temporary seats), with a transparent enclosed roof and a non-retractable pitch, estimated to be $465 million;
- 25,000 permanent seat arena (plus 5,000 temporary seats), with a solid roof and retractable pitch, estimated to be $496 million; and
- 30,000 permanent seat arena (plus 5,000 temporary seats), with a solid roof and retractable pitch, estimated to be $584 million.
The study has identified option 3 as the preferred option, which is expected to record an operating surplus, based on an analysis of different revenue and expenditure scenarios. The Council will set up a project team to examine these options and develop a detailed business case.
The project will be funded through a cost-sharing agreement between the NZ Government and the Council, with the difference expected to be privately funded. The Council has committed up to NZ$253 million. In June 2018, Christchurch Council voted to bring forward its funding of NZ$253 million by two years from 2023 to 2021.
The NZ Government, elected in 2017, has established a capital acceleration facility for Christchurch to which the Government has committed NZ$300 million. In October 2018, the NZ Government confirmed that NZ$220 from the facility would go towards the new arena, at the request of the Council. This is on top of circa NZ$86 million that the Government has already contributed to buy land for the arena. The previous Government had committed (if re-elected) NZ$179 million to the project, including NZ$59 million for land acquisition.
The timing and procurement model of the new arena remains to be determined. The NZ Government reviewed the possibility of combining the Christchurch Multi-Use Arena with the Metro Sports Facility but decided against it. Early construction is expected to start in 2021.
The project is being overseen by the NZ Government's Ōtākaro agency, which assumed the major project functions of the Canterbury Earthquake Recovery Authority (CERA) following the Authority's discontinuation in April 2016.
Last reviewed: 01/11/2018