Question on Notice regarding VenuesWest's takeover and operation of NIB Stadium, including costs, subsidies, and revenue projections for the next three financial years. The answer provides specific figures for the initial years and partial data for 2016-17.

AnsweredQoN 1706Legislative Council
Asked
25 September 2014
Portfolio
Sport and Recreation

QuestionView source ↗

I refer to NIB Stadium, and ask: (a) when will VenuesWest take over the operation of NIB Stadium; (b) what is the estimated cost to VenuesWest of running NIB Stadium in: (i) 2014-15; (ii) 2015-16; and (iii) 2016-17; (c) will VenuesWest subsidise any of the sporting clubs using NIB Stadium and, if so, at what cost in: (i) 2014-15; (ii) 2015-16; and (iii) 2016-17; and (d) what is the estimated revenue for VenuesWest from NIB Stadium in: (i) 2014-15; (ii) 2015-16; and (iii) 2016-17?

AnswerView source ↗

Answered
18 November 2014
Responded by
Leader of the House representing the Minister for Sport and Recreation
Response time
54 days
(a) 23 September 2014
(b) (i) $4,239,000
(ii) $4,832,000
(iii) At this stage the decision has been made that VenuesWest will manage nib Stadium for two years. For the first quarter of the 16/17 financial year, VenuesWest estimates the cost of running nib Stadium will be $707,000.
(c) The licence fees charged to the sporting clubs at nib Stadium in the first year VenuesWest is operating the venue will be the same as those in the preceding year. Workshops have commenced with Perth Glory and Western Force to develop long term, mutually beneficial licence agreements which support the growth and viability of those resident clubs.
(d) (i) $5,024,000
(ii) $5,338,000
(iii) At this stage the decision has been made that VenuesWest will manage nib Stadium for two years. For the first quarter of the 16/17 financial year, VenuesWest estimates the revenue from nib Stadium will be $327,000

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