Councillors were updated last week on plans for a $28.5 million redevelopment of the Olympic Pool complex, for which they approved seed funding of $5.65m in the 2018-2028 Long-Term Plan (LTP).
Additional information provided since last month centred around efforts to attract the $23m of further funding required.
The council was seeking Eastland Community Trust commitment as well as approaching other external funders, as “without a high level of certainty of capital funding, it is risky for council to invest significantly in further design work”.
GDC and ECT staff were also discussing the development of a revenue generation strategy for future operation of the complex. External local commercial advice would be sought to assist with this.
And it had been agreed that a charitable trust would be set up to assist with raising the money.