Hon ED Dermer questions the Minister for Sport and Recreation regarding the new heads of agreement for nib Stadium, seeking details on differences from the previous agreement and the total cost to the state. The Minister provides some figures but declines to detail the specific differences.

AnsweredQoN 153Legislative Council
Asked
28 March 2012
Portfolio
Sport and Recreation

QuestionView source ↗

NIB STADIUM — HEADS OF AGREEMENT
153. Hon ED DERMER to the Leader of the House representing
the Minister for Sport and Recreation:
I refer to the heads of agreement
between the state government and the manager of nib Stadium signed on 13 March
2012.
(1) Is the new
heads of agreement different in any way to the previous heads of agreement;
and, if yes, will the minister detail the differences?
(2) What is the
total cost of the nib Stadium deal to the state of Western Australia including
the costs of upgrading the stadium; the ongoing payment to nib Stadium; and any
other payment or receipts from the deal?

AnswerView source ↗

I thank the member for some notice
of this question.
(1) Yes, changes were made to reflect the
state taking over the stadium governance from the City of Vincent and a small
number of commercial changes were agreed. In respect of detailing the
differences—no.
(2) The cost of the upgrade is $95.l million;
the ongoing payment is $25 000 per annum; and there is a $5 million lease
payment to the City of Vincent.

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