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Approved loan for Hagley Oval lights will see Christchurch benefit from Women’s World Cup

Approved loan for Hagley Oval lights will see Christchurch benefit from Women’s World Cup
March 5, 2020

Christchurch City Council has agreed to provide a loan to help pay for new floodlights at Hagley Oval to ensure the city benefits from hosting Women’s World Cup cricket matches in 2021.

Christchurch has been awarded hosting rights for eight matches in the World Cup, including the final, but the hosting rights are contingent on new floodlights being installed at Hagley Oval.

Council Finance and Performance Committee Chair Councillor Andrew Turner advised “Canterbury Cricket Trust is working to raise the money needed for the lights and we have agreed today to provide a $1.5 million loan to assist them.

“The Women’s Cricket World Cup is a major sporting event that will bring significant benefits to our city. Estimates suggest it will add $5 million to the economy and generate 15,000 visitor nights.

“It will also give Christchurch enormous international exposure, which is very important for our tourism industry. The event is expected to reach a global television audience of at least 180 million – seven times larger than the audience that watched the 2019 men’s Rugby World Cup.

“The benefits that the city stands to gain support the decision to provide Canterbury Cricket Trust a $1.5 million loan.”

The Canterbury Cricket Trust will have four years to repay the loan and will be charged interest to cover the Council’s borrowing costs.

That means the provision of the loan will come at no cost to ratepayers.

The loan is conditional on security arrangements or a guarantee on terms and conditions satisfactory to Council. This condition will require additional sign-off by the Chair and Deputy Chair of the Finance and Performance Committee.

Related Articles

2nd March 2020 - Christchurch City Council considers loan for Hagley Oval floodlights

19th December 2019 - Christchurch Council approves new ground lease for Hagley Oval

17th August 2019 - Christchurch City Council to consider Hagley Oval lighting proposal

4th April 2015 - Hagley Oval named ‘International Cricket Pitch of the Year’

3rd September 2014 - New Hagley Oval Pavilion takes shape

4th November 2013 - Christchurch Earthquake Appeal Trust provides $3 million towards Hagley Oval’s new pavilion

15th August 2013 - Hagley Oval gets go ahead to host ICC World Cup Cricket 2015 matches

5th February 2013 - Over 200 submissions on Hagley Oval cricket redevelopment

13th December 2012 - Christchurch City Council clarifies proposed Hagley Oval Cricket redevelopment

13th March 2012 - Christchurch to expedite Hagley Oval upgrade plans

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