Sharechat Logo

April 30 deadline for revised convention centre design

Monday 2nd March 2015

Text too small?

The deadline for approval of a revised design for SkCity Entertainment Group's international convention centre in Auckland has been set at April 30.

The casino company and the government have agreed to extend the date for approval of the preliminary design of the convention centre until April 30, the Auckland based company said in a statement.

SkyCity is revising its initial design after the government baulked at taxpayer funding when SkyCity submitted its initial preliminary design in October, saying the centre could cost as much as $530 million, exceeding the initial estimate of $402 million. The government refused to fund the shortfall in the face of public opposition. It is already giving SkyCity gambling concessions and extending its monopoly on its Auckland casino licence to 2048 in return for SkyCity developing the centre at its own cost. 

SkyCity, which has four casinos in New Zealand and two in Australia, won't secure the gambling concessions and licence extension until a construction contract is signed.

 

 

 

 

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

EBOS announces appointment of new Chief Financial Officer
AM Best affirms Tower Limited's A- (Excellent) FSR
MCK enters into conditional agreement for Whangarei land
April 26th Morning Report
SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness
General Capital Subsidiary General Finance Market Update
AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills