Stadium naming rights deal to deliver boost for WA taxpayers

Thursday 09 Mar 2017
  • WA Labor to create naming right agreements for new Perth Stadium and Perth Arena
  • Liberals have ruined WA's finances - McGowan Labor Government will find savings
  • Plan to generate around $10.5million for WA taxpayers

A McGowan Labor Government will create naming rights agreements for the new Perth Stadium and

Perth Arena to ensure the venues deliver a bigger financial benefit for Western Australians.

The move is expected to deliver $10.5million to WA taxpayers over the forward estimates.

Stadium naming rights is already common practise in the eastern states, with the Victorian Government's

agreement for Etihad stadium understood to deliver between $5million and $8million a year.

The agreement for Melbourne's AAMI Park generated up to $10million.

Comments from Shadow Treasurer Ben Wyatt:

"Over the past eight years, the Barnett Liberal Government has single-handedly destroyed the State's

finances and left Western Australians with a debt that will take years to pay off.

"After years of reckless spending, it's crucial that we take advantage of all options available to help get our

budget back on track.

"Naming rights agreements for the new Perth Stadium and Perth Arena will generate around $10.5million -

this is funding that can be invested in health, education or public transport.

"These are important State assets and we need to ensure they deliver maximum benefits to WA taxpayers.

"Taxpayers have invested billions of dollars into these venues - it's important they get some return on their

investments. "

 

 

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