Ryan Bridge: Is funding major events a priority?

There's no doubt punters will like this new major events fund. 

$70-million of new and old money. 

Some for infrastructure like the cycleway network which needs an upgrade.

$10-million for regional tourism. 

And the showstopper is this $40 for "significant, high-impact events for New Zealand from 2026". 

The PM and Minister Upston came out yesterday and said these big major events are money-makers. 

Hospotality does well. Tourism operators do well. Retail does well. 

They called it a bonanza. 

But if you're a fan of ailing. If you like the America's, you might scratching your head. 

It was only five months ago the PM say nah to backing the America's Cup. 

Why? We're in a fiscal mess, we need to invest in "proper infrastructure" like hospitals and roads. 

He said we need to be more responsible with taxpayers money. 

And now we have new money for a pearl jam concert. 

To be fair, the sums involved here are important. The Cup would have cost somewhere between 40 and 70 million on its own. 

This entire fund, the bit for major events, is $40 million total. 

But if you follow the reasoning and ask yourself the basic question, is there less demand for hospital or roading infrastructure now than there was then, you'd be right to feel a bit confused by all this.

Either the cup was a crap investment, or these investments, more generally are simply not a priority. 

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Episode Transcript

Speaker 1 (00:00):
The punters will love this new major Events fund seventy million.
It's new and old money. Infrastructure, cycle way money, ten
million for regional tourism. The showstopper, though, is this forty
million bucks for significant high impact events for New Zealand.
We had the PM and the Minister out yesterday while
they're saying these things are money makers. Hospital does well,

(00:21):
Tourism operators do well, retail does well. They call it
a bonanza. But if you're a fan of sailing, if
you like the America's Cup, you might be scratching your head.
Remember it was only five months ago we had the
PM saying oh no, thank you to backing the cup.
Why well, I went back and looked at the reasons
to see specifically, we're in a financial mess, a fiscal mess.

(00:43):
We need to invest in proper infrastructure like hospitals and roads.
He said, we need to be quote more responsible with
taxpayers money. And now we have new money for a
Pearl Jam concert. To be fair, the sums involved here
are important. The Cup would have cost somewhere between forty
and seventy million dollars on its own, depending on who
you ask. This entire fund, the bit for major events

(01:07):
is forty million total. But if you follow the reasoning
and ask yourself the basic question, is the least demand
for hospital or roading infrastructure now than there was five
months ago, you'd be right to feel a bit confused
by all of this. Either the Cup was a crap investment,
or these investments more generally are simply not a priority.

(01:28):
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