Council decision on Rugby Park

The Invercargill City Council resolved last night (24 February 2015) to donate to the Southland Outdoor Stadium Trust (the current owner of Rugby Park) the sum of $400,000 conditional on:

  • SOST using the donation to repay the Community Trust of Southland loan in full and final settlement
  • The Invercargill Licensing Trust making a donation to repay the Pacific Dawn Limited loan in full
  • SOST transferring the Stadium ownership to the Invercargill City Council or its nomineeRugby-Park-Stadium-Jan-2015
  • The Council selling by licence the rights to half of the corporate boxes to Rugby Southland for a term sufficient to extinguish the current debt owed by Southland Outdoor Stadium Trust to Rugby Southland
  • Rugby Southland entering into a lease arrangement with the Council for use of the Administration offices at the Stadium at a yearly rental of $35,000 per annum
  • The existing management agreement involving Rugby Southland and the Stadium be extinguished.

The vote was 5-4.  Two Councillors declared conflicts of interest and did not vote, and illness prevented two other Councillors from attending the meeting.