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Liberal party plan for world-class stadium

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Thanks REH.

That is one sure hell of a reason why it wont be built here. Even one half the cost put's it out of the contention being built.

Now I would like Mr Hamilton-Smith to come up with costs of how he intends to build one here.
 
I fixed up the pdf link to the Ch 7 sale to James Fielding press release in my post above.

Also that link to the TS ownership structure has changed since I posted it on the Port board before Christmas. See

http://www.anzstadium.com.au/index.aspx?link_id=1.170

I was little out on the financing of TS or ANZ Stadium as it is now know. I have a booklet from the Daily Telegraph when the Stadium was opened saying it cost $615mil but according to this page this is how much it cost and how it was financed.

http://www.anzstadium.com.au/index.aspx?link_id=1.115

Construction

Construction of ANZ Stadium commenced in September 1996 and was completed in March 1999.

The Stadium project cost approximately $670 million. This includes $545 million in design and construction costs, $32m in surrounding precinct works and $93m in development and financing costs.

This $670 million covered the stage 1 Olympic configuration . A further $80 million was invested in the post-Games reconfiguration work involving the installation of an oval arena, moving stands on the east and west, roofing over the north and south stands and a new tier on the north stand.

The Stadium in its final configuration has a capacity of 82,000 for oval sports (AFL and cricket) and a capacity of 83,500 in rectangular mode (for rugby union, league and soccer) and the ability to switch between these modes regularly.

The majority of the construction costs of ANZ Stadium was funded through private debt or equity. Of the $670 million Stage 1 project costs, approximately $555m was funded through private debt or equity and the balance of $115m through the NSW Government.

Upon expiry of the lease in 2031, the Stadium and all property in it reverts to full ownership by the NSW Government, through the Sydney Olympic Park Authority.
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In 2000 I downloaded a 43 page booklet the AFL produced on the Docklands. That's where I got the info on the Medallion Club and Acess One memberships original costs. The booklet states;
History of Colonial Stadium.

In mid 1996 the AFL Commission began giving consideration as to how it would be involved in a stadium being planned by the Victorian Government for the development and funding by a private consortium.

This stadium was to be developed as a multi-purpose venue, intended to host rectangular sports rugby league, rugby union and soccer.

The Commission reasoned that if a new state of the art sports stadium was being built in Melbourne, the possibility of playing AFL matches should be explored. Various sites were considered for the stadium, including the Showgrounds, St Kilda and Ilympic park before the Government decided upon Docklands.

Discussions continued throughout 1996 and progressed to a point in late January 1997, when serious negotiations focused on the project of the AFL becoming the prime user of the stadium.

In March 1997, the AFL Commission announced that it concluded negotiations with the Melbourne Docklands Authority to acquire the unencumbered freehold title to what has become Colonial Stadium. The AFL contacted no less than 35 matches a year for Colinial Stadium from the year 2000,........

Owning the Stadium

By December 31, 2000, the AFL will make a payment of $30 million to the consortium which developed the stadium and, in 25 years will acquire the unencumbered title to freehold land and buildings comprising the Stadium and the businesses attached to the stadium.
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I think the $200mil to $250mil cost I recalled was for a rectangle un-roofed stadium. Once the AFL committed, the costs went up and Graeme Samuel went to work to come up with his finance package that was such a winner for the AFL.
 
All we need is some stupid investment company to build us a stadium and hand it back to the SANFL in 20 years. Seeing as CITIbank gaves billions in loans to the improvrished surelly they could invest in a new stadium for Adelaide...
 

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They could easily do a deal with U park etc to have all the parking places open. Play all the games during the season at night, preferably on a friday night when its not as busy down town.

Could work.

Atleast the SANFL is opening up to the idea of a new stadium.
 
Surely Rupert Murdoch is at the age now where he's thinking about leaving a perpetual legacy to the town where it all started for him? And hang the expense, he knows he can cop a loss of a few hundred mill. The Rupert Murdoch KingDome.
 
It would be fantastic for this stadium to get the green light but it will never happen. The SANFL understand how the game is played and know full well the new stadium is not financially viable and that’s why they are showing support to the cause.

They are now showing support to the issue trying to look like the good guys because deep down they know it will never happen.

The current state government don’t want to pay for it (why would they) because potentially this could become another State Bank debacle crippling this state for another 25 years. And the Liberal Party in SA are only using this as an election platform to try and win votes from the select few who want progress, they know finances are not available in this state for something of this magnitude and they will not be available for 10 – 15 years.

Unless South Australia can somehow find a very generous white knight with some powerful corporate support and they donate half a billion dollars ($500,000,000) and the other half a billion ($500,000,000) could be covered by the SANFL (selling AAMI Stadium) as well as state and federal funding this will never happen.

The SANFL are simply being smart in accepting this but know it will never happen without some major state support.
 
The afl would put money in as they have with perth, they have already said that.. Sponsorship, private parties and naming rights is another..

Just bringing up some ideas to get up around the figures.. The thing that could draw some cash from any government is c/wealth games and world cup, if they come along they will be big carrots..
 
crows98 said:
It would be fantastic for this stadium to get the green light but it will never happen. The SANFL understand how the game is played and know full well the new stadium is not financially viable and that’s why they are showing support to the cause.

They are now showing support to the issue trying to look like the good guys because deep down they know it will never happen.

The current state government don’t want to pay for it (why would they) because potentially this could become another State Bank debacle crippling this state for another 25 years. And the Liberal Party in SA are only using this as an election platform to try and win votes from the select few who want progress, they know finances are not available in this state for something of this magnitude and they will not be available for 10 – 15 years.

Unless South Australia can somehow find a very generous white knight with some powerful corporate support and they donate half a billion dollars ($500,000,000) and the other half a billion ($500,000,000) could be covered by the SANFL (selling AAMI Stadium) as well as state and federal funding this will never happen.

The SANFL are simply being smart in accepting this but know it will never happen without some major state support.
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Your right and they know that AFL football cannot be played anywhere else in this state but FP.
 
Markthirtytwo said:
Your right and they know that AFL football cannot be played anywhere else in this state but FP.
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They do, but they also see the public opinion as well and deep down know that AAMI stadium's flaws are contributing to the no shows at Port and Adelaide matches

Obviously the SANFL are looking out for themselves, but at least they are open to the idea of moving. I just hope that something is done properly and not be the equivallent of a one way highway :D, which was a typically Adelaide way to do things
 
No Adelaide is a place where we accept shit things. If South Australia were a person he/she would be the biggest tightarse, like the person who drinks light beer because its cheaper and wheres cloth's from K mart when they go out.
 

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crows98 said:
It would be fantastic for this stadium to get the green light but it will never happen. The SANFL understand how the game is played and know full well the new stadium is not financially viable and that’s why they are showing support to the cause.

They are now showing support to the issue trying to look like the good guys because deep down they know it will never happen.

The current state government don’t want to pay for it (why would they) because potentially this could become another State Bank debacle crippling this state for another 25 years. And the Liberal Party in SA are only using this as an election platform to try and win votes from the select few who want progress, they know finances are not available in this state for something of this magnitude and they will not be available for 10 – 15 years.

Unless South Australia can somehow find a very generous white knight with some powerful corporate support and they donate half a billion dollars ($500,000,000) and the other half a billion ($500,000,000) could be covered by the SANFL (selling AAMI Stadium) as well as state and federal funding this will never happen.

The SANFL are simply being smart in accepting this but know it will never happen without some major state support.
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yup.

in fact, the SANFL's ambit, has pretty guaranteed that their will be no new stadium. they've (deliberately, and skillfully) killed the idea.
 
Its now confirmed they are dumb..

"If we had a billion dollars to spend blah blah blah..."

There is cash from the planned upgrade, the sale, private and sponsors, the afl.. No one is asking the govt to pay and build for 1 billion!!

Ugh
 
my thoughts from the main board......

We have a Government that only caters for tourists, ship builders, travelling freak shows, jungle music jamborees, Cyclists and their fans, Racing car drivers and their fans, and panders to Tourism SA and it's entourage of wine swilling, travel rorting leeches.

Talk of the SA Govt building a venue (or anything for that matter) for the people that actually live in Adelaide is totally preposterous and fanciful.

Unless you can provide Mike with a media moment or have a sister between the ages of 18 and 25 that Kevin Foley hasn't yet conquested.....your opinion matters little in this State.

[/rant]
 

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I didn't read the whole thread, but I'm thinking one of the sources of funding is Government $$$ based on a World Cup bid.

But will that be too long to wait for the SANFL?
 
I wonder how much the Hindmarsh Stadium fiasco (before Adelaide United and one of the reasons Rann won in 2002) is contributing to the government's reluctance to commit to a new stadium (it was because of Hindmarsh that the Rann government wouldn't fund any of the 2003 Adelaide Oval redevolpment).
 
A WORLD CLASS STADIUM FOR ADELAIDE: THE LOGICAL SOLUTION

http://www.sanfl.com.au/news/sanfl_news/178/

Debate over the need for a world class stadium near the Adelaide CBD has been heightened by Australia’s bid to host the 2018 World Cup.

It is believed that such a development would cost in excess of $1 billion (reference to Western Australia’s recently announced stadium development).
The South Australian National Football League, Adelaide and Port Adelaide Football Clubs recognise the priorities facing Governments with regard to important public infrastructure in areas such as health, transport and education, quite apart from spending in the vicinity of $1 billion on a new sporting stadium.

The SANFL, AFC and PAFC believe that an upgrade of AAMI Stadium together with first-class transport infrastructure at a collective investment in the vicinity of $250 million is the most logical solution available to Governments in the interests of South Australians.


Background

1. As the administrator of Australian Football in South Australia, the SANFL owns 59 acres of land at West Lakes including AAMI Stadium and associated facilities, and has total control over all corporate, marketing, commercial and catering activities carried out in those facilities and on that land.

2. The SANFL also owns the two AFL licences under which the Adelaide and Port Adelaide Football Clubs participate in the AFL competition. These licences stipulate that both clubs must play all home games at AAMI Stadium.

3. The SANFL has invested $53 million over the past 10 years on AAMI Stadium upgrades and with State Government support is committed to another $5 million for a complete upgrade of sports lighting to FIFA standards, in 2008. A further $30 million is proposed to upgrade stadium entry points and a new convention centre.

4. The SANFL would have great difficulty withdrawing from AAMI Stadium unless it was adequately compensated.

5. Neither the SANFL, the Adelaide and Port Adelaide Football Clubs, nor the 9 SANFL League Clubs would be prepared to invest in another sporting stadium without the same ownership and control enjoyed at AAMI Stadium. They will not relinquish control of these assets or the right to conduct their businesses in all of their forms, nor sacrifice any current or future commercial benefits as a result of relocation or rebuilding to an alternative site.

Issues to be Considered
In addition to the cost, and complicating the option of relocating to a new inner-city stadium, the demolition of AAMI Stadium would require an amendment to the current Development Plan provisions and zoning, to achieve the highest and best economic return from commercial, retail and or residential development.
The open space, heritage, land tenure and possible government funding issues related to the recent sale of the South Australian Jockey Club’s land at Cheltenham provides a useful insight into the complexities that the sale of the SANFL’s land at West Lakes might create.


The Next Step & the Logical Solution
The Football Federation of Australia (FFA) is currently undertaking an audit of facilities required to meet FIFA World Cup hosting obligations, including major stadiums.

On completion of this audit, the SANFL proposes collaborating with the Federal and State Governments to identify precise costs of completing the AAMI Stadium redevelopment and upgrading related infrastructure (including public transport) for Adelaide to host major international events including FIFA World Cup matches in the future.

We believe that with both Federal and State Government investment in the vicinity of $250 million on AAMI Stadium and supporting infrastructure we would be able to deliver a world class stadium to meet World Cup requirements - at a fraction of the cost of a new inner-city stadium - at the same time as bringing significant public transport benefits to the north-west of the city - via a light rail service to Port Adelaide, with a spur line (or loop) linking AAMI Stadium and the adjacent Westfield shopping complex.

“This is the logical solution to the Stadium debate.”
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No real surprise with this article.

Game over on any new football venue, we may get a new rectangular stadium but it will not involve AFL football.

Game. Set. Match.
 
The SANFL is pathetic. Just watch, Soccer will get a wikid stadium even closer to the city, attendances will keep going up whilst ours stagnates (even declines...going by port).


Geezers.
 
Advertiser said:
SOUTH Australian football's biggest players – the SANFL, the Crows and Power – have given up on moving to a new stadium in central Adelaide.
SANFL chief executive Leigh Whicker yesterday declared neither Federal nor State governments nor private enterprise would fund a billion-dollar multi-purpose stadium in Adelaide.
The league, after sealing a rare pact with the Adelaide and Port Adelaide football clubs, has released a paper saying there was only one genuine option in the stadium debate – a $250 million upgrade of AAMI Stadium.
This comes only a week after the SANFL released a paper identifying a new city venue as a genuine option for football's future.
The State Government yesterday denied pressuring any football bodies to distance themselves from plans for a new stadium.
Premier Mike Rann has been in India since Wednesday. A Government spokeswoman said the SANFL had approached the Government on Thursday to notify it of yesterday's statement.
Last week, Treasurer Kevin Foley said the Government would not build a new stadium.
"Our position is crystal clear and could not be clearer," the spokeswoman said. "The football clubs came to us and told us what they were doing."
Dubbed "The Logical Solution", the SANFL, Crows and Power have now called for AAMI Stadium to be redeveloped with federal and state grants. The cost of this project is now $250 million, up on the $150m flagged by the SANFL last week.
Mr Whicker said any move to a billion-dollar, multi-purpose stadium in the city made "no commercial sense".
He added the league had not ruled out moving to a new stadium in the city.
"We never say never to relocation," he said. "If someone builds a new stadium, we certainly would give it serious consideration – under two conditions. First, we must have ownership City stadium or redevelop AAMI Stadium – send your comments
of the stadium. Second, we must have control. But who is going to build it? And at what cost?"
Mr Whicker said feedback from the State Government last week was "it could not see its way clear to fund a new stadium". "It could not be done without the use of in excess of $1 billion of taxpayer money," he said.
"To build a taxpayer-funded, multi-purpose facility in Adelaide without having reasonable expectation of its financial viability would be commercially foolhardy and irresponsible. And the misuse of taxpayers' funds which could be put to better use elsewhere.
"In the current climate, the SANFL sees the only possibility of a new, multi-purpose stadium being built in Adelaide is if it was built by private enterprise.
"For an investor-built stadium to succeed it would need to be used by football.
"For this to happen, the SANFL, the Crows and Power would need to be adequately compensated for their investment in, and move, from AAMI Stadium. Therefore, we see a privately funded stadium as an unlikely possibility."
The SANFL is waiting on an audit by the Football Federation of Australia to determine how AAMI Stadium must be upgraded to host World Cup soccer matches, possibly in 2018.
Mr Whicker said initial expectations were a project cost of $250m, including a light-rail service to Port Adelaide with a connection to AAMI Stadium and the West Lakes shopping centre.
State Transport Minister Patrick Conlon last week rejected any light-rail system to AAMI Stadium unless it was part of a project meeting needs beyond transport to football matches.
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HAHAHAH. What a laugh. So he thinks its a waste of tax payers money building a new stadium, apparently $1 billion dollars of JUST tax payers money. What so they just expect everyone to pay for them and not put in a cent.But then he claims an upgrade of 250 million of AAMI is a better option...paid by TAX PAYERS.

HAHHAA.

And to make it even better he expects a rail link which will cost hundreds of millions more, which the government will NEVER committ too. And this upgrade is hingeing on the fact WE get the goahead to host a SOCCER tournament. What a joke.
 
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