Friday, May 14, 2010

Durban's New Stadium Already Driving Revenue

The brand new Moses Mabhida Stadium in Durban has already proved itself a viable revenue source for the city, generating more than 4 billion Rand (~$528 million USD) since opening just a few months ago. The stadium's arch and sky car are seen as a major pull for the stadium, which has already seen more than 80,000 people ascend the arch.

"This proves that our stadium will never be a white elephant. The over R4 million does not include money generated by businesses at the stadium,” said city manager, Mike Sutcliffe.

The stadium, which was completed months before the World Cup, had become one of South Africa’s tourist attractions, he said.

Durban's stadium generates R4m
News 24
May 6, 2010