The consortium planning to build a $1.8 billion waterfront stadium at "zero cost to ratepayers" has sought $4 million from Auckland Council.
Auckland Stadium Consortium chairman Dave Wigmore has confirmed making a request to the council for funding, and plans to approach the Government, private sector and philanthropists for help with the next stage - testing the feasibility of the project.
Wigmore said when the consortium sounded out the council for financial assistance, council officers said the next phase of works was in the order of $4m. A council source said the $4m request came from the consortium, and was turned down.
Asked how the request for public money squared with a promise to build an iconic stadium within 10 years at zero cost to ratepayers, Wigmore said the money would be refunded by the developer when the project went to market in 12 to 18 months. The same would apply to private funding.
If the project did not proceed, Wigmore said, the council or whoever would receive all the intellectual property developed through the facilitation process.