●Vive la France! Cape Town 2010 stadium will be run by French company till 2040 – They’d better jolly well be fantastique!
The City will receive 30% of earnings before tax (inclusive of municipal rates) from the stadium on a fixed percentage basis, which will be to its benefit when the stadium is successful.
Cape Town is gaining a world-class, purpose-built stadium in arguably the most beautiful setting in the world.
“It is getting a team with an international and local track record of experience and success to maximise the value, revenue and viability/sustainability of its stadium,” Mike Marsden, Executive Director of Service Delivery Integration.
As part of the contract, the City will pay the consortium to manage the stadium from January 2009 up to and during the 2010 FIFA World Cup™
After this, the top tier of seating will be removed, reducing the stadium to 55 000 seats to make way for commercial and facility space. The stadium will be then used for various sporting events, music concerts and other major events.
The approval for the lease of the stadium will be considered by Council on 3 December 2008.
By Martin Pollack – 2008/11/27
LINK – CLOSE UP LOOK at the stadium – 1 stop site – dedicated to the Cape Town stadium – featuring Odette Herbert’s photographs
LINK – LINKS List – Cape Town 2010 Word Cup Sadium Info – Transport maps, Fan Fest, Seating Plan & things
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Tags: ARCHITECTURE, CAPE TOWN, city council, foot ball, Mike Marsden, PHOTO, STADIUM