All data is delayed
See More

Cape Town mulls commercial stadium use

Jun 06 2012 08:07

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


Read Fin24’s Comments Policy 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
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

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

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote