Loading...
See More

Cape Town mulls commercial stadium use

Jun 06 2012 08:07 Sapa

Related Articles

Cosatu threatens to invade Cape stadium

'Something rotten with Cape stadium'

Cape stadium 'musn't be flattened'

Ratepayers 'will cough up for CTN stadium'

Cosatu moves rally to Athlone stadium

MyCiti buses running at a loss

 

Cape Town - The City of Cape Town wants to convert its stadium into a hub of commercial activity to make the R4.5bn building sustainable, it was reported on Wednesday.

The Cape Times reported that the stadium was costing the city about R44.6m a year with few hiring activities taking place due to hiring costs.

The mayoral committee decided on Tuesday it would approach the province to ease restrictions that were put in place to appease Green Point residents during the 2010 Soccer World Cup.

The province had banned commercial and retail outlets, commercial parking, and hiring out of commercial office spaces to third parties to reduce high noise levels and traffic volumes.

If these rules are scrapped it could see a nightclub, restaurants, coffee shops and sports bars built within the stadium and precinct.

Green Point Ratepayers and Residents Association chairperson Bobby Goebel told the newspaper it welcomed development within the stadium but would object to a building on the Green Point Common.

 
cape town  |  cape town stadium
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
8 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

3 sports games you have to watch this weekend

Whether it’s date night or a braai with buddies, plan around these three exciting sporting games!

 
 

Men24.com

Everyday struggles of naturally skinny guys
And this year's Miss Bumbum title goes to...
How to maintain your mo, bro
Hottie of the day: Colette

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...