Live Nation Entertainment (LNE) has expressed an interest in being part of a consortium to build a new 65,000-capacity stadium in Auckland.
A number of companies are understood to be interested in the project, although proposals are in the early stages, according to the New Zealand Herald newspaper. The stadium would be used for sports events and concerts.
Among potential locations is a site alongside Spark Arena (11,000), which LNE majority owns, and Victoria Park.
“If you want to build a stadium in the city the bottom line is you have to be extremely close to public transport to move people out in mass numbers,” says chairman of Live Nation New Zealand Stuart Clumpas, who runs Spark Arena.
It is estimated the cost of building the stadium would be around NZ$1.5billion (US$1.05bn), although Auckland’s mayor Phil Goff has said the city council will not have the budget for a public-private partnership until the next 10-year budget is agreed in three years time.