South Africa 2008-10-23 : Green Point Stadium naming rights to go on sale post-2010
Green Point Stadium naming rights to go on sale post-2010 - The City of Cape Town has come up with several clever ideas to cover its budget deficit and deal with the escalating construction costs of Green Point Stadium, writes Michael Appel.
The metropolitan municipality, like every other 2010 FIFA World Cup host city, has had to deal with rampant increases in the costs of transport, labour and goods since on-site construction began on 22 March 2007.
The city's 2010 spokesperson, Pieter Cronje, explained that since February this year they have been facing a budget deficit of R580 million.
read more [AAN South Africa]