Richard
Moore's Straight Talk Columns
Baypark
buyout could be horror show
21/6/2011
AS
ANY horror movie fan can tell you the best and most frightening
films are those that build up tension before scaring the bejesus
out of you with a maniac leaping out of a cupboard, or grabbing
you from the back seat of a car.
There
have been so many times that I've been sitting in the dark of a
cinema, or lounge, with my tummy rising to the back of my mouth
as the pretty gal reaches for the handle on a closed door.
You
know she shouldn't do it.
She's
wearing a skimpy outfit - always dangerous in horror flicks - and
none of her friends are yet dead, meaning she's victim number one.
''Don't
do it, don't do it, don't do it,'' you silently plead with her.
''You're too cute to die.''
But
deep down you know that means she's cursed. Pretty girls don't survive
such movies that often.
Her
hand continues it's death-seeking journey and touches the handle,
slowly turning it. The door creaks as she pulls it open, peering
into the darkness of its confines.
All
of a sudden ''Aaaaaah!'' she screams - as a wicked-looking knitting
needle stabs into her ear, or a butcher's knife sticks out through
her abs.
''Waaaaaah!''
I go, jumping a metre into the air and sending my popcorn flying
off like a Chilean ash cloud around the room.
''Shhuuussshhhh,''
everyone yells, to the pitter patter of gently falling puffs of
corn.
Some
mean types suggest I go to a drive-in, so when I scream like a girly-boy
it will only burst my eardrums in a car at the Baypark drive-ins,
rather than everyone's in a cinema or loungeroom.
Sigh.
People don't understand sensitive types like me.
But,
and this may surprise a few officials, they do understand the dangers
of increasing public debt.
Like
a pretty horror-movie actress about to be relegated to the past
tense, people in Tauranga are scared what the ''commercially sensitive''
- read secretive - buyout of Baypark Speedway is going to cost them.
City
officials are silent about the price of Tauranga bankrolling the
buyout of a nine-year speedway contract by its offshoot Tauranga
City Venues Limited.
TCVL
will be managing the adjacent indoor sport and exhibition centre
and its stated reason for the purchase is that it could not afford
to have a clash of dates, and interests, for the two major facilities.
Clearly
no one has ever heard of making a free phone call and talking about
future scheduling.
At
a confidential meeting in late April it was decided that council
would guarantee the buyout which, in view of no publicised costings,
was estimated by the media at hundreds of thousands of dollars.
Now
that piqued my interest, as when public authorities go secret my
nerves start to twitch.
TCVL
chairman Graeme Elvin has said the deal ''will give us greater control
and flexibility, and will enable us to manage the whole (Baypark)
site in an integrated way. This in turn gives us a much stronger
base from which to meet the financial objectives ...''
Ummm,
yes, that all sounds like fabulous non-speak. What does it mean?
Greater
flexibility and control does not mean making a profit or, indeed,
breaking even. And one presumes those are the financial objectives.
A
quick finger count had me more nervous than Jamie Lee Curtis in
Halloween.
Speedway
events attract an average crowd of 5000, paying between $20 for
adults and $45 a family for each meeting. So let's say each race
earns about $100,000.
There
are between 14 to 18 speedway events a season. Earnings are conservatively
anywhere between $1.4 and $1.8 million a season. Take away the $200,000
paid to council by the Speedway organiser and staffing costs - say
$100,000 a year - and the event still brings in more than $1 million
a year.
Now
the council-controlled organisation TCVL has bought out nine years
of that operation. Is that hundreds of thousands of dollars? Or
just under $10 million of extra debt guaranteed by Tauranga City
Council?
It
may be that taking over the Speedway is a good business judgment.
But we won't know because there is a veil of secrecy lowered by
council over the deal.
''WAAAAAAH!!!''
Sorry,
just practising for when the financial ramifications of this deal
eventually come to light.
richard@richardmoore.com
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