Something's screwy somewhere....

"Stadium Profit Forecast" proclaims a headline in today's ODT.  I thought initially - it isn't April the first is it? - sadly, it's not. When you read the whole article you discover that the 'profit' comes, yet again, at the expense of the ratepayers of Dunedin. In fact, in real terms there's absolutely no profit at all.

'We're all about delivering economic benefits', says Terry Davies. Well yes, 'economic benefits' to shareholders, maybe, when they get dividends, but the economic benefit...