#Cape Town Stadium - 55 000 Seats - Green Point, Cape Town | Complete [Part 5]

[Lutzno]

RT @StephanieBe: Scaffolding at Linkin Park just fell on people. Badly injured. Blood everywhere. This is fucked 5FM!

[Lutzno]

turns out the person was taking things a bit too far. a few minor injuries it seems...

[Lydon]

A girl did die unfortunately That wind was insane. Quite the downer after what was an amazing concert.

[Inertia]

I was minutes away from the falling scaffolding, I had just walked thru the Lucozade promo area where it happened. Apparently it was one of the many Lucozade promo girls who passed away

[JohanSA]

Very sad .

Btw I don't know if anyone had noticed or noticed ever before but the stadiums roof moves up and down quite a lot during strong wind . It looked liked someones chest whilst breathing . Was pretty amazing and scary lol.

[Lydon]

Cape Town in new bid to save stadium
FRIDAY NOV 30, 2012

Seven options to save the Cape Town Stadium have been proposed - and the public will be asked to comment on the business models for the commercialisation of the struggling R4.5 billion venue.


The roof of Cape Town's stadium.

The stadium has run at a loss since the 2010 Soccer World Cup, costing the city R44.6 million a year to run.

The city has been unable to secure an anchor tenant, but it is still in talks with the Western Province Rugby Union to come on board.

Cape Town mayor Patricia de Lille is expected to release more details of the business plan and public participation process next week.

The seven proposed business models are:

• The city as an operator with an anchor tenant.
• An independent operator with an anchor tenant.
• The anchor tenant as the operator.
• The city as an operator with no anchor tenant.
• An independent operator with no anchor tenant.
• A public/private partnership.
• Operating the stadium as a municipal entity.
• The analysis of the business models, by International Risk Mitigation Consultants, shows that 2016 would be the first year that three of the seven models could generate a surplus of around R6m, doubling by the following year to between R13m and R14.5m.

These are the three business models that will turn a profit by 2016: the city as the operator with an anchor tenant, a public/private partnership, and running the stadium as a municipal entity (the latter is similar to how the Cape Town International Convention Centre is run).

The other models would generate a surplus much later.

Anton Groenewald, executive director of the city's tourism, events and marketing department said if the city continued with its current method as the operator with no anchor tenant, the stadium would never generate a surplus.

Analysts cited successful stadium governance, management and commercialisation experiences from the Wembley Stadium in London, the Barcelona Olympic Stadium in Spain and the Allianz Arena in Munich.

Groenewald said international case studies gave the city a better understanding of the costs and benefits attached to each option.

The Barcelona Olympic Stadium has a major retail component and hotel attached to it, and Groenewald said another successful practice was selling the naming rights, as in the case of the Allianz Arena, where financial services company Allianz bought the naming rights. A local example is the Sahara Park Newlands cricket stadium.

Business analysts say the highest-risk business models are the ones where the city is not part operations.

International and local examples had also shown that when private entities had full control of stadiums, they neglected spending or underspent on maintenance.

"We have spent 12 months on the report refining it to our best effort and we will now ask residents whether they agree or disagree or whether there are any other alternatives.

Their comments could drive the outcome of this process," Groenewald said.

The 48-page analysis will give the public the associated risks of each business model.

"This is so that the public can understand what the city is trying to do to cover costs. Their comment has an influence and we need to establish whether residents will support changing the ROD," Groenewald said. (The ROD, or record of decision, was the original agreement that the stadium was built under, which banned certain commercial activities.)

Commercial aspects the city could incorporate at the stadium include a nightclub, hotel, paid parking facilities, restaurants and sports bars, a gym, banqueting and conferencing facilities, retail space and a sports centre.

Cape Times

Source: IOL Property

[Andrew_za]

Let's all make an effort to participate when the opportunity becomes available!

[Mo Rush]

Originally Posted by Lydon

Cape Town in new bid to save stadium
FRIDAY NOV 30, 2012

Seven options to save the Cape Town Stadium have been proposed - and the public will be asked to comment on the business models for the commercialisation of the struggling R4.5 billion venue.


The roof of Cape Town's stadium.

The stadium has run at a loss since the 2010 Soccer World Cup, costing the city R44.6 million a year to run.

The city has been unable to secure an anchor tenant, but it is still in talks with the Western Province Rugby Union to come on board.

Cape Town mayor Patricia de Lille is expected to release more details of the business plan and public participation process next week.

The seven proposed business models are:

• The city as an operator with an anchor tenant.
• An independent operator with an anchor tenant.
• The anchor tenant as the operator.
• The city as an operator with no anchor tenant.
• An independent operator with no anchor tenant.
• A public/private partnership.
• Operating the stadium as a municipal entity.
• The analysis of the business models, by International Risk Mitigation Consultants, shows that 2016 would be the first year that three of the seven models could generate a surplus of around R6m, doubling by the following year to between R13m and R14.5m.

These are the three business models that will turn a profit by 2016: the city as the operator with an anchor tenant, a public/private partnership, and running the stadium as a municipal entity (the latter is similar to how the Cape Town International Convention Centre is run).

The other models would generate a surplus much later.

Anton Groenewald, executive director of the city's tourism, events and marketing department said if the city continued with its current method as the operator with no anchor tenant, the stadium would never generate a surplus.

Analysts cited successful stadium governance, management and commercialisation experiences from the Wembley Stadium in London, the Barcelona Olympic Stadium in Spain and the Allianz Arena in Munich.

Groenewald said international case studies gave the city a better understanding of the costs and benefits attached to each option.

The Barcelona Olympic Stadium has a major retail component and hotel attached to it, and Groenewald said another successful practice was selling the naming rights, as in the case of the Allianz Arena, where financial services company Allianz bought the naming rights. A local example is the Sahara Park Newlands cricket stadium.

Business analysts say the highest-risk business models are the ones where the city is not part operations.

International and local examples had also shown that when private entities had full control of stadiums, they neglected spending or underspent on maintenance.

"We have spent 12 months on the report refining it to our best effort and we will now ask residents whether they agree or disagree or whether there are any other alternatives.

Their comments could drive the outcome of this process," Groenewald said.

The 48-page analysis will give the public the associated risks of each business model.

"This is so that the public can understand what the city is trying to do to cover costs. Their comment has an influence and we need to establish whether residents will support changing the ROD," Groenewald said. (The ROD, or record of decision, was the original agreement that the stadium was built under, which banned certain commercial activities.)

Commercial aspects the city could incorporate at the stadium include a nightclub, hotel, paid parking facilities, restaurants and sports bars, a gym, banqueting and conferencing facilities, retail space and a sports centre.

Cape Times

Source: IOL Property

Lawyers have been hard at work.

Barcelona Olympic Stadium has a hotel and retail component attached...? Not what I saw.

Initially only 4 business models where considered.

[Mo Rush]

Originally Posted by JohanSA

Very sad .

Btw I don't know if anyone had noticed or noticed ever before but the stadiums roof moves up and down quite a lot during strong wind . It looked liked someones chest whilst breathing . Was pretty amazing and scary lol.

Yes, designed that way to move up and down 1.5 metres in high winds.

Steel girders/trusses + cables

[SA BOY]

2 are ridiculous . city or independent operator with no tenant? this made the list as a viable option?

only viable use is to get WP rugger there on a soft lease deal, give WP rugger serious redevelopment rights at newlands and look at a revenue shearing model in addition to the lease like in a hotel management agreement.

Otherwise we will still be having this debate 10 years from now

[SA BOY]

the bottom line is the stadium is a city asset and an amazing venue but needs commercializing and integrated with somerset hospital site (and allowing SH site to go up and bring in high density resi ) and connect physically to waterfront.

cant believe the city still cant sort this matter put 2 years after the events.

Now capies dont get all hot under the collar cos i criticized the beloved city council but on this one they should get a deadline by the people and stick to it. cant take 2 years to resolve and issue like this, get a sustainable buisness plan into place and make it happen.

[Andrew_za]

It's shocking that after all this time, we still have this problem at the stadium. It's actually annoying reading articles concerning the topic because we all know the problem, we all know how it should be resolved, yet not much is happening.

We should get a competent operator like before, and the necessary amendments to the zoning scheme need to be finalised.

[Lydon]

The "without an anchor tenant" options gave me a good chuckle...I mean seriously?

[Mo Rush]

Report will be made public on 6 December, and public participation is for 3 months.

It's a 3-5 year process, but its a long journey in the right and sensible direction.

[TEBC]

Originally Posted by Lydon

Cape Town in new bid to save stadium
FRIDAY NOV 30, 2012

Seven options to save the Cape Town Stadium have been proposed - and the public will be asked to comment on the business models for the commercialisation of the struggling R4.5 billion venue.

The roof of Cape Town's stadium.

The stadium has run at a loss since the 2010 Soccer World Cup, costing the city R44.6 million a year to run.

The city has been unable to secure an anchor tenant, but it is still in talks with the Western Province Rugby Union to come on board.

Cape Town mayor Patricia de Lille is expected to release more details of the business plan and public participation process next week.

The seven proposed business models are:

[*]The city as an operator with an anchor tenant.[*]An independent operator with an anchor tenant.[*]The anchor tenant as the operator.[*]The city as an operator with no anchor tenant.[*]An independent operator with no anchor tenant.[*]A public/private partnership.[*]Operating the stadium as a municipal entity.[*]The analysis of the business models, by International Risk Mitigation Consultants, shows that 2016 would be the first year that three of the seven models could generate a surplus of around R6m, doubling by the following year to between R13m and R14.5m.


These are the three business models that will turn a profit by 2016: the city as the operator with an anchor tenant, a public/private partnership, and running the stadium as a municipal entity (the latter is similar to how the Cape Town International Convention Centre is run).

The other models would generate a surplus much later.

Anton Groenewald, executive director of the city's tourism, events and marketing department said if the city continued with its current method as the operator with no anchor tenant, the stadium would never generate a surplus.

Analysts cited successful stadium governance, management and commercialisation experiences from the Wembley Stadium in London, the Barcelona Olympic Stadium in Spain and the Allianz Arena in Munich.

Groenewald said international case studies gave the city a better understanding of the costs and benefits attached to each option.

The Barcelona Olympic Stadium has a major retail component and hotel attached to it, and Groenewald said another successful practice was selling the naming rights, as in the case of the Allianz Arena, where financial services company Allianz bought the naming rights. A local example is the Sahara Park Newlands cricket stadium.

Business analysts say the highest-risk business models are the ones where the city is not part operations.

International and local examples had also shown that when private entities had full control of stadiums, they neglected spending or underspent on maintenance.

"We have spent 12 months on the report refining it to our best effort and we will now ask residents whether they agree or disagree or whether there are any other alternatives.

Their comments could drive the outcome of this process," Groenewald said.

The 48-page analysis will give the public the associated risks of each business model.

"This is so that the public can understand what the city is trying to do to cover costs. Their comment has an influence and we need to establish whether residents will support changing the ROD," Groenewald said. (The ROD, or record of decision, was the original agreement that the stadium was built under, which banned certain commercial activities.)

Commercial aspects the city could incorporate at the stadium include a nightclub, hotel, paid parking facilities, restaurants and sports bars, a gym, banqueting and conferencing facilities, retail space and a sports centre.

Cape Times

Source: IOL Property

What would you guys prefer?

[Mo Rush]

The report is now public. Mail me for a copy, but should be at city website tomorrow, if not sooner.

[Lydon]

Green Point property owners give stadium plans a guarded nod
TUESDAY DEC 11, 2012

The Green Point Ratepayers' and Residents' Association will "wholeheartedly" support the commercialisation of the Cape Town Stadium, but it doesn't want any more buildings around the stadium.

Many Green Point residents were opposed to the stadium being built, citing sustainability, high costs, high noise levels and traffic volumes. To appease residents, the province imposed restrictions banning commercial activity.

But the city has now asked these residents to comment on the business plan to commercialise the struggling R4.5 billion venue to make it financially viable.

Bob Goebel, chairman of the association, said although they supported the commercialisation of the stadium, he was apprehensive. "I am happy if they commercialise within the stadium itself. What I am concerned about is an extension of above 5 percent coverage which is written into the record of decision (RoD).

The 5 percent coverage condition means buildings cannot cover more than 5 percent of the Green point Common land.

Goebel said currently the building coverage is at 4.7 percent.

Last week, the city opened the public participation process asking residents to comment on seven business models to make the stadium financially viable before applying to the province to unban commercial activity and overturn the RoD.

The city is operating the stadium with no anchor tenant and will never make a profit if it continues with this model.

Talks are continuing with the Western Province Rugby Union (WPRU) to move to Cape Town Stadium from Newlands.

Some of the commercial aspects the city is looking at incorporating at the stadium are a nightclub, hotel, paid parking facilities, restaurants and sports bars, a gym, banqueting and conferencing facilities, retail space and a sports centre.

"The best option for me is for WPRU to move to Cape Town Stadium," Goebel said. "It would save them huge costs in making Newlands a firstclass venue for rugby.

"Provided the 5 percent coverage is not exceeded, we would welcome, encourage and wholeheartedly support the development of the stadium as a commercial venture," Goebel said.

Fred Jacobs, president of the Cape Chamber of Commerce, also supports the commercialisation of the stadium, saying it was an avenue the city could "absolutely not ignore".

"I've read through the business models thoroughly and we feel public consultation with ratepayers is integral to the process of commercialising the stadium.

"However, we have to look at the entire metropole, and not just the stadium, when looking at how to develop economic opportunities," Jacobs said. He said a private/public partnership was the best way to go.

Cape Times

Source: IOL Property

[Andrew_za]

About the 5%; does this means no shops under the traffic circle as originally shown in renders, and no coffee shop(s) in gp park?

[Ziggymo]

Is the plans for a F1 grand prix race to run through the stadium,one of the options/models being considerd for the commercialisation of the stadium?

[deadhead262]

I still dont understand this country. Such good facilities to create a great Football league, such talented young people who are trying to get out of poverty, a good foundation with the PSL and yet we just sit here and let the stadiums rot. Why not introduce Football into all schools and promote the teams and create a following like the English, Spanish,ect teams have. It will make good use of the stadiums and bring in revenue and tourism to South Africa. It will not affect Rugby and cricket as half the people who go to school only want to play football and not any other sport.