Projected loss of $1.6m after sports disrupted
Rugby at all, for instance, so was confident it could still return better than that.
He also said H3 had already taken measures to start alleviating costs a few weeks before the lockdown , like no more part-time or casual labour, or not replacing anyone who leaves.
Meanwhile, things aren’t so bad for the Avantidrome in Cambridge.
New Zealand’s premier cycling venue, run by the Home of Cycling Charitable Trust, has been shut since mid-March and is eyeing a reopening under level two.
But despite the closure, several revenue streams have carried on, with the bulk of the centre’s tenants still paying normal rent, and sponsorship dollars still coming in.
The grey area ahead though,
Avantidrome general manager Scott Gemmill said, would be in terms of future bookings, with more than 80 per cent of the facility’s use being by the public, as opposed to just elite athletes, including not just the track but also things such as conference rooms.
Down the road at the Don Rowlands Centre on Lake Karapiro, the shutdown has fortunately come at the quietest time of year for them, but that still won’t stop some job losses.
The building plays host during rowing and other on-water regattas, while it’s also a popular spot for the likes of dinners and events.
Waipa District Council deputy mayor Liz Stolwyk, also Mighty River Domain chief executive, said that, at least initially, they would be operating at lower staff levels, with several part-time and casual workers, such as bar staff, having to be cut.
But she was hopeful that by Christmas they would again be operating at 100 per cent capacity, and optimistic that two major events early next year can still go ahead.
They are the national waka ama championships in January, and the Maadi Cup (national secondary schools rowing champs) in March.