The New Perth Stadium

Kwality

Brownlow Medallist
Joined
Aug 14, 2011
Posts
16,383
Likes
5,208
Location
Tootgarook
AFL Club
West Coast
FYI, no short term relevance to AFL footy:
AMP Capital has struck a multimillion-dollar deal to buy half of Westadium, the company that helped finance the $1.5 billion Optus Stadium project.

Despite the significance of the deal, the equity value of the transaction, which could be anywhere between $50 million and $100 million, has been kept secret.

The State Government, which picked up 60 per cent of the cost, commissioned the state-of-the-art stadium with the local arm of British developer and operator of privately financed public sector infrastructure John Laing Group plc funding the rest.
https://thewest.com.au/business/com...als-new-share-of-optus-stadium-ng-b881135798z

It puts a value on the completed facility, will the State Govt write it down/up ??
 

(Log in to remove this ad.)

Joined
Nov 16, 2004
Posts
53,145
Likes
67,344
Location
SE Oz
AFL Club
Port Adelaide
Other Teams
The Mighty Blacks
FYI, no short term relevance to AFL footy:
AMP Capital has struck a multimillion-dollar deal to buy half of Westadium, the company that helped finance the $1.5 billion Optus Stadium project.

Despite the significance of the deal, the equity value of the transaction, which could be anywhere between $50 million and $100 million, has been kept secret.

The State Government, which picked up 60 per cent of the cost, commissioned the state-of-the-art stadium with the local arm of British developer and operator of privately financed public sector infrastructure John Laing Group plc funding the rest.
https://thewest.com.au/business/com...als-new-share-of-optus-stadium-ng-b881135798z

It puts a value on the completed facility, will the State Govt write it down/up ??
Stadiums aren't great investments particularly the early years and doubly so if its a BOOT project - Build, Own, Operate Transfer type project, which my understanding there is a transfer of the 40% at the end of 25 operating years. Look at the early investors in Docklands and Olympic Stadium in Sydney they lost hundreds of millions of dollars. Mind you they were 100% owners not 40%. AMP dont have a great investment record the last decade or so.

The article doesn't say who has sold out, but they didn't mention B.V. and Aberdeen Infrastructure Investments (NPS) Limited. I wrote this on the Port board stadium deals thread in late 2017.

But the mob providing 40% of the financing are called Westadium and responsible for the Design, Build, Finance and Maintain the stadium for 28 years ie 3 years of construction and first 25 years of use are a consortium of the following - John Laing Investments (Perth Stadium) B.V. and Aberdeen Infrastructure Investments (NPS) Limited. From Page 3 of The new Perth Stadium Design, Build, Finance and Maintain Project February 2015 Project Summary

Brookfield Multiplex Engineering and Infrastructure Pty Ltd (the Builder) has been subcontracted by Westadium to undertake design, construction, fit out and commissioning of the Stadium and Sports Precinct works over a three year period (the Design and Construction (D&C) phase). Following commissioning of the Stadium and Sports Precinct, facilities management services (Services) will be provided over a 25 year operating term (the Operating Phase) by Brookfield Johnson Controls Pty Ltd (the FM Subcontractor). Westadium will not be undertaking operational activities such as securing events, promoting the Stadium, agreeing commercial access arrangements with hirers, branding and advertising and making any event and function arrangements (including in relation to ticketing, event and function staff, event and function crowd control and catering operations). These activities will be undertaken by the Stadium Operator who is to be appointed by the Governance Agency (VenuesWest) after a separate procurement process during 2015.
VenuesWest appointed the Stadium Australia Operations and they changed their name to VenuesLive.

Edit Page 27 (final page) of document linked above confirmed this is a BOOT type project with transfer of ownership to the state government after 25 years.

2.3.8 State Rights at Expiry of the DBFM Project
The Project Agreement requires Westadium to handover the Stadium and Sports Precinct to the State at the end of the Operating Phase (or upon earlier termination) for nil consideration.

On page 4 Operating Phase is defined as;
Operating Phase (Facilities management) 25 years from 1 January 2018
 
Last edited:
Joined
Nov 16, 2004
Posts
53,145
Likes
67,344
Location
SE Oz
AFL Club
Port Adelaide
Other Teams
The Mighty Blacks

hitthepost

Norm Smith Medallist
Joined
Oct 26, 2010
Posts
6,794
Likes
4,889
Location
Adelaide
AFL Club
Adelaide
Other Teams
Actually pretty neutral
https://thewest.com.au/sport/cricke...t-new-zealand-at-optus-stadium-ng-b881159827z

Interesting. So last session under lights of which last hour will be well and truly dark?
Stumps would be between 8-8.30 depending on over-rates. With no Daylight Savings and a high western stadium profile I'd say the lights would be on by 5 before the shadows hit the pitch and in full use before drinks in the last session. In Adelaide we start at 2 with DLS and it's fully dark the last 90 mins maximum.
 

kranky al

Brownlow Medallist
Joined
Jun 30, 2009
Posts
14,321
Likes
16,845
Location
Greenough
AFL Club
West Coast
Other Teams
east perth www.pixelpac.com.au
Armadale train leaving the ground is always packed before a lazy third get off at Burswood :rolleyes:
Meh a thats what beers up top were invented for - have a coupla quieties up top of the stadium - gloat/ sulk over the game. Catch the next train - voila you have a seat.
 

kranky al

Brownlow Medallist
Joined
Jun 30, 2009
Posts
14,321
Likes
16,845
Location
Greenough
AFL Club
West Coast
Other Teams
east perth www.pixelpac.com.au
Yeah I've taken the kids to all the games you've been to and it's been great. Strange about the food though, every time I've had something it's been pretty good (don't eat at the footy/cricket that often but have found it fine everytime I've had it).
Ugh - everything ive bought at optus has ended in the bin 1/2 or less eaten - one bite in on one occasion.

Appalling sludge would be a compliment.
 

(Log in to remove this ad.)

Joined
Nov 30, 2006
Posts
212
Likes
10
Location
Kalamunda
AFL Club
Fremantle
Other Teams
Swan District
So I havent been to any rainy games at Perth stadium yet.

How did people at last nights Eagles game find it as a spectator? Well protected from the rain? Freezing cold? Nice warm food?

Im curious how people found it.
 
Joined
Aug 14, 2005
Posts
1,886
Likes
2,359
Location
NoR
AFL Club
West Coast
Other Teams
lakers, nufc, subi, colts
So I havent been to any rainy games at Perth stadium yet.

How did people at last nights Eagles game find it as a spectator? Well protected from the rain? Freezing cold? Nice warm food?

Im curious how people found it.
Level 3, out of the rain fortunately. Freezing wind though similar to ones you get in Melbourne where it feels like it's blowing straight in from antartica.
 
Joined
Mar 31, 2007
Posts
2,937
Likes
402
Location
Perth
AFL Club
West Coast
Other Teams
East Perth
I said it at the time it was being proposed (2011) and I'll say it again, Optus should've been 70,000 to start with.

It's already too small for the Eagles, and in 20 years time both clubs will need a larger stadium IMO.
 
Joined
Oct 9, 2006
Posts
2,081
Likes
1,363
Location
Perth
AFL Club
Fremantle
Other Teams
GC Suns, Western Warriors/Scorchers
I said it at the time it was being proposed (2011) and I'll say it again, Optus should've been 70,000 to start with.

It's already too small for the Eagles, and in 20 years time both clubs will need a larger stadium IMO.
Nah Fremantle won't be outgrowing Optus anytime soon.
 

kranky al

Brownlow Medallist
Joined
Jun 30, 2009
Posts
14,321
Likes
16,845
Location
Greenough
AFL Club
West Coast
Other Teams
east perth www.pixelpac.com.au
I said it at the time it was being proposed (2011) and I'll say it again, Optus should've been 70,000 to start with.

It's already too small for the Eagles, and in 20 years time both clubs will need a larger stadium IMO.
Its expandable - they can add to it.
 

kranky al

Brownlow Medallist
Joined
Jun 30, 2009
Posts
14,321
Likes
16,845
Location
Greenough
AFL Club
West Coast
Other Teams
east perth www.pixelpac.com.au
Dunno about that. Get back into flag contention and it's not difficult to see another 15k or so a game.
As long as they don't completely take the piss with prices of course.
They had a bog ordinary year last year and put prices up - my freagle mate whos supported them as a second team for years cos he couldnt get eagles tix got them this year so tata dox
 

Rob

Brownlow Medallist
Joined
Nov 8, 2000
Posts
27,184
Likes
12,668
Location
South of the river
AFL Club
Fremantle
Other Teams
Peel Thunder
They had a bog ordinary year last year and put prices up - my freagle mate whos supported them as a second team for years cos he couldnt get eagles tix got them this year so tata dox
Yeah I know....although they did create a GA area behind the goals where tickets are bargain basement. But yeah, $67 for behind the goals and at least $87 for anything even remotely decent is a tad overboard.
 

kranky al

Brownlow Medallist
Joined
Jun 30, 2009
Posts
14,321
Likes
16,845
Location
Greenough
AFL Club
West Coast
Other Teams
east perth www.pixelpac.com.au
Yeah I know....although they did create a GA area behind the goals where tickets are bargain basement. But yeah, $67 for behind the goals and at least $87 for anything even remotely decent is a tad overboard.
Seems a bit daft yo me - short termism - they should pack the place out - wait till they are doing well and got a waiting list then trade on fomo in the bad times like yhe eagles do

Little bit ahead of themselves in that respect - which (selfishly) annoys me because i want the perth stadium expansion to happen sooner rather than later.
 

Rob

Brownlow Medallist
Joined
Nov 8, 2000
Posts
27,184
Likes
12,668
Location
South of the river
AFL Club
Fremantle
Other Teams
Peel Thunder
Seems a bit daft yo me - short termism - they should pack the place out - wait till they are doing well and got a waiting list then trade on fomo in the bad times like yhe eagles do

Little bit ahead of themselves in that respect - which (selfishly) annoys me because i want the perth stadium expansion to happen sooner rather than later.
I doubt they'd be packing the place out regardless of price. It's not like Freo are making $10 million profit like the Eagles, they still want to be maximising revenue in order to be able to pay for stuff.
 
Top Bottom