Challenges Faced by Forrester Park in Dunedin Regarding Dog Activities
Forrester Park in Dunedin, home to healthy and well-mannered dogs, is facing challenges with parking restrictions, ground issues, and lease agreements imposed by the DCC. The park's management committee is reluctant to sign a long-term lease due to concerns over building integrity, potentially impacting dog sports/clubs in Otago. Strategic planning committees aim to address financial limitations and infrastructure maintenance to sustain the park's value and activities.
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Presentation Transcript
Heading ???? ??? Dogs NZ Properties Forrester Park - Dunedin The home of Healthy, active and well mannered dogs The home of Healthy, active and well mannered dogs Purina Pro Plan: Proud sponsor of Dogs New Zealand Proud sponsor of Dogs New Zealand
Financial Snapshot Financial Snapshot Own building / land in Auckland & Wellington Own building, lease footprint in Dunedin Market value of three properties: $9.0m, debt free Aging infrastructure maintenance cost will grow Health & safety commitment increasing Combined revenue is less than 3% of value and most properties operate at breakeven Income is insufficient to fund major renovations of aging infrastructure Auckland and Dunedin struggle to attract regular large non dog show rental streams
Key Planning Committees Key Planning Committees Strategy Committee Develop strategic plan that provides direction and focus for the annual business plan, ensures alignment and accountability across the organisation and resources are maximised Will have strategic plan for sign-off by E.C. at July Meeting Capital Expenditure Committee Develop 5 10 yr capex plan to ensure that we maintain adequate investment in our properties to protect and enhance their value Chaired by Steve Tait (E.C.), includes chairs of venue management committees + Director Secretary & Dogs NZ Treasurer
Forrester Park Key Issues Forrester Park Key Issues DCC Parks & Reserves restrictions on parking & camping are affecting show attendance DCC Parks & Reserve show no interest in resolving the ground issues (uneven surface & chemical leeching from old tip) DCC have no interest in reaching any lease agreement which includes the outdoor ring area DCC want us to sign 30 yr lease Building improvements are only band ads as the floor is getting worse (due to ground movement) affecting the structural integrity of the building Will require substantial investment to resolve However any investment in the building will not resolve the first two issues and is seen as pouring good money after bad
Key Issues Key Issues In Summary In Summary Any investment in the building will not resolve the issues of land use / improvement and is seen as pouring good money after bad Forrester Park Management Committee has no interest in signing any 30 year lease and would like Dogs NZ to sign a 5 year lease with right of renewal Believe that staying at Forrester Park will lead to the death of Dogs Sports/Clubs in the Otago region
Key Questions Key Questions Need to make a strategic decision if it is in the interest of Dogs NZ to retain a dedicated Dogs Sports facility in the lower South Island If we do want to retain a facility in lower South Island is Forrester park still fit for purpose? Right size but poor quality construction and ground maintenance / use questions Do we have option for a green field development were we own both the building and land?
Ideal green site facility Ideal green site facility Substantial Car-parking / Motor park area with Toilets & Shower facilities Indoor facility with room for 4-5 rings Outdoor facility with 4 rings & Gazebo area 4 6 hectares flat area In a 30km radius from Dunedin Phased development of site to fit funding resources
Key considerations Key considerations Any future investment will need to meet the requirements of our: Strategic Plan Capex Plan Any new facility will need to be financial sustainable, generating enough revenues to cover operational / maintenance Generate sufficient surplus for reinvestment in facility Need to be creative about funding Dogs NZ cannot fund the entire project from reserves Will take a regional club approach to fundraising from community sources, club reserves, borrowing etc to make it happen
Next Steps Next Steps Clubs presentations and member feedback Negotiations with DCC on 5 year lease & ground improvements / use Capex Report to February E.C. Meeting: Signals membership view on future of facility 5 yr Capex Budget for Forrester Park Approve FY 2020-21 venue budget Ensure that current Financial Year comes in on budget
