Ms. Saffioti questions VenuesWest regarding the costs, subsidies, and revenue associated with managing NIB Stadium over a three-year period. The answer provides financial figures for the first two years and partial figures for the first quarter of the third year, along with information about licence fees and club agreements.

AnsweredQoN 3024Legislative Assembly
Asked
14 October 2014
Portfolio
Sport and Recreation

QuestionView source ↗

I refer to Venues West’s management of NIB Stadium and ask: (a) what is the estimated cost to VenuesWest of running NIB Stadium in each of the years 2014–15, 2015–16 and 2016–17; (b) will VenuesWest subsidise any of the sporting clubs using NIB Stadium in 2014–15, 2015–16 and 2016–17; (c) if yes to (b), which clubs will it subsidise and for what amount in each of these years; and (d) what is the estimated revenue for VenuesWest from NIB Stadium in each of the years 2014–15, 2015–16 and 2016–17?

AnswerView source ↗

Answered
18 November 2014
Responded by
Minister for Sport and Recreation
Response time
35 days
(a) 2014/15: $4,239,000
2015/16:$4,832,000
2016/17: At this stage the decision has been made that VenuesWest will manage nib Stadium for two years. For the first quarter of the 2016/17 financial year, VenuesWest estimates the cost of running nib Stadium will be $707,000.
(b) 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.
(c) Not Applicable
(d) 2014/15: $5,024,000
2015/16: $5,338,000
2016/17: At this stage the decision has been made that VenuesWest will manage nib Stadium for two years. For the first quarter of the 2016/17 financial year, VenuesWest estimates the revenue from nib Stadium will be $327,000.

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