Napier City Council councillors have been asked to move quickly to approve moving to the next phase of a proposed multi-sports facility and velodrome in Napier in order to meet a Lottery Grants Board funding application deadline.
At its meeting tomorrow the council will be presented with a detailed business case on the proposal to construct the facility, including a velodrome, adjacent to Pettigrew Green Arena.
A staff report to the council noted that the venue was needed to increase sporting participation and improve health statistics in the region, and said the ensuing increase in visitor numbers to Hawke's Bay for sporting and other events would increase regional GDP by about $3.6 million per annum.
It was proposed that the council invest $7.7 million in the facility that was estimated to cost a total of $22.9 million to build, an increase of more than $7 million from the initial business case projections.
The balance in funding was proposed to come from corporate sponsorship, philanthropic trusts, government sources and public donations.