Business Specialist CFP | Local Government Expert | Political Adviser
The Premier has announced Sydney based Stadium Australia Group Ltd as the new operator of Perth Stadium, yet yesterday Western Australia received another credit rating downgrade.
I would love to ask the Premier why he is sending WA football money to the Eastern States to prop up their economy, when WA needs it more.
Why would the Premier argue for a bigger slice of the GST when he is giving money away by awarding the stadium contract to a NSW-based firm?
Subiaco Oval generates $15million a year for WA Football, yet we will miss out on this much needed injection of funds to the state economy at a time when mining is waning.
Surely, tourism and sport can be good earners for us while mining is reduced?
I am concerned that the Stadium Australia Group were bailed out by the ANZ bank in 2006, and I wonder about their financial management. Will they come looking for more from the Western Australian taxpayers?
If this decision proves disastrous for WA Football, then that loss of income will see WA taxpayers having to bail out football in the future.
Hasn’t this Premier caused enough suffering in the state, without making another financial-winning situation into a potential loss-making one?
WA Football Commission has more knowledge and commitment to the game to provide a great service at Perth Stadium, than any Eastern States company. Why ignore the state and the West Australian taxpayer? It’s offensive by a Premier who is supposed to support the state, not overlook it.
The financials just don’t stack up for Western Australia.
This is an incredibly disappointing decision and also a fiscally inappropriate one.