Christchurch's new stadium one step closer after Government funding approval

Christchurch is a step closer to getting its long-awaited stadium after the Government approved a business case and funding for it.

The multi-use arena project has had $220 million set aside for it.

The project is expected to cost a total of $473 million, with the Christchurch City Council set to pick up the remaining costs.

The goal is to get construction underway next year so the arena can open in 2024.