Christchurch's multi-use arena is one step closer with the Government setting aside $220 million for the project

Christchurch's multi-use arena is one step closer with the Government officially earmarking $220 million for the project.

The first of a number of workshops for local businesses, sporting groups and the entertainment sector was also held this morning with these groups contributing to the design of the stadium.

Greater Christchurch Regeneration Minister Megan Woods made the announcement alongside Christchurch Mayor Lianne Dalziel following the first of these workshops.

"This funding brings Canterbury’s much needed arena one step closer. This will be a huge boost for the city and it’s important we get it right.

"That’s why we are bringing the sporting codes, local businesses and the entertainment sector together to help us make sure the design is right and the building is fit for purpose.

It was announced today the city will have a completed stadium in four years. Source: 1 NEWS

"Of the $300 million the Government has put on the table to speed up the city’s recovery, Council has requested that $220 million go towards the new arena. We have agreed to earmark that money to ensure it’s available for the arena. That means the project can move forward with confidence,"she says.

The council has brought forward $253 million dollars of rate payer money from its 10 year plan to be available from 2020/2021.

Christchurch’s Mayor Lianne Dalziel has welcomed the Government’s announcement saying it gives the city confidence to push ahead with the project.

"We’ve already started advanced technical works on-site to get the project moving and we’re expecting to see early ground investigations underway by the end of the year," she says.

A full business case for the stadium will be developed in the coming months to ensure the project is well designed and stack up financially, with hopes construction work could begin in 2021.

The council had requested $220m from the Government’s $300 million regeneration fund, and they’ve got it. Source: 1 NEWS