Taxpayers have handed Adelaide Oval’s operators more than $4 million in financial assistance since March, Treasurer Rob Lucas has revealed, but he insists “there’s no doubting their ability to operate” despite a COVID-hit year.
The State Government did not follow “specialist advice” on the rate of its Adelaide Oval Hotel loan because it “may not be commercially viable”, the Auditor-General has found, in a report warning the coronavirus pandemic’s ongoing impact on the stadium’s operations “may present a risk” to its ability to fulfil its loan obligations.