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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.
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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.
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Adelaide City councillors have vowed to oppose a State Government plan to build a rates-free hotel at Lot Fourteen, with one declaring the council must “rule this out now” in the wake of the Adelaide Oval Hotel controversy.
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.
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