'Price shock': $150m blowout for Christchurch stadium

A design render of Christchurch's new stadium, Te Kaha. (Image: Supplied)

Wed, 01 Jun 2022

The cost of Christchurch’s new stadium has blown out to as much as $683 million, $200m more than its initial budget.Christchurch City Council chief executive Dawn Baxendale and Barry Bragg, chair of the board overseeing the project, presented the cost update at a briefing on Wednesday.“It’s fair to say we’ve gone from a price rise to a price shock,” Bragg said, adding the doubling or even trebling of commodity prices caused by global supply chain issues and the war in Ukraine had led to an exponential increase in t...

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