Quake-rocked AMI Stadium in Christchurch could be repaired for $45 million, which will sink plans for a $500 million covered sports stadium in the city.
International geotechnical engineering experts have scoured the two hulking concrete grandstands that were damaged by the September 2010 and February 2011 earthquakes, and have found they can be cheaply fixed.
The stadium, on Christchurch's most famous sporting site, could be returned to its pre-quake specifications for "much less" than its $135 million insurance tag, they have concluded.
But the international ground's owners, Christchurch City Council, were yesterday in the dark over the move, as was the Canterbury Rugby Football Union (CRFU), who have been pushing hard for a world-class covered stadium in the rebuilding city.
CRFU chief executive Hamish Riach said that if AMI Stadium was rebuilt, plans for a stadium with a roof would be shelved.