"A Labour Government will provide the certainty Christchurch needs and the choice it wants to invest in its future. The Christchurch City Council has budgeted $253m, and there is still a shortfall of about $123m with National's commitment. A pre-feasibility study released this week by the Christchurch Stadium Trust recommended a stadium with a full roof that would cost $496m. Christchurch regeneration spokeswoman Nicky Wagner, at the event announcing National's extra funding, said it built on the National Government's $17b rebuild commitment. Alongside the Government's offer is a $10m grant from Christchurch City Council which is subject to public consultation and dependent on whether there is a need for this grant after further fundraising.

Source: Otago Daily Times August 27, 2017 02:15 UTC