News
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.
News
The State Government has refused a Stadium Management Authority request to slash the interest rate on its contentious $42 million Adelaide Oval Hotel taxpayer loan, despite rates slumping since the deal was inked in 2018.
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The Adelaide Oval Hotel will start taking bookings from March next year, as major construction at the site starts today.
Adelaide Oval management has been accused of misleading the public over where profits from the Adelaide Oval Hotel will flow, after it was revealed both the SACA and SANFL would end up with the bulk of earnings.
Deputy Lord Mayor Houssam Abiad says he is willing to make a last-ditch attempt to force Adelaide Oval management to publicly consult on its $42 million Oval Hotel before construction starts.
A major local company has been chosen to build the controversial Adelaide Oval hotel, promising to keep fans happy each AFL game day next year.
