Waewick wrote: I agree that it is a shame that a few people can dictate to the rest of the state
I'm not a SACA member, just a taxpayer, yet the decision whether to spend a minimum of $535 million of taxpayers' money is in the has of a few thousand SACA members.
Wouldn't you call that a few people dictating to the rest of the state? Whichever way the vote goes, it will be a few dictating to the many.
Usually an investor can assess risk before deciding whether to invest.
As a taxpayer, I'm an investor, but the information I need to assess risk isn't available. Not that that matters since I won't be voting, but the information isn't even available to SACA members.
The business plan is 'commercial in confidence', and there's a raft of other important questions that haven't been answered. Who underwrites any cost blowout? Who guarantees SANFL its $8 million per year? What will tickets cost? Who gets the parking income?
How many SACA members are voting yes primarily because the proposal pays off SACA's debt, and are hoping that the development will sort itself out? The same goes for the footy clubs - as Matt Primus said in a TV interview: 'Look, if it means Port gets 2, 3, 4 million every year out of it, I'm in favour.'
The questions above aren't the technical questions of a knee-jerk opponent, they are the legitimate, prudent queries of anyone being asked to invest large amounts of money. I'm not against the project under any circumstances - just extremely sceptical, and therefore against it until I see information that would convince me otherwise.
Why can't SACA members at least see the business plan that claims so much before they vote to commit hundreds of millions of their fellow South Australians' scarce dollars to this?