Council may write off $54m Eden Park debt under new Govt ‘deal’
Auckland Cricket will also exit the stadium grounds after a regional deal to provide $10 million for the development of Colin Maiden Park.
Eden Park has been formally recognised as the country’s national stadium.
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Auckland Council says it will consider writing off a $54 million outstanding loan to the Eden Park Trust under the terms of its new regional deal with central government.
The loan, currently $48.75m drawn down, dates back to a $40m facility the stadium took out with ASB Bank for the rebuild of the
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