Baywave wants to venture into solar panels for pool heating and install a new hydroslide.
So far, most of the initiatives haven't worked so why punt on something else?
If this outfit was a private enterprise, it wouldn't still exist. Based on 230,000? visits in 2012/2013, at say $6 each, (allowing for concessions, freebies and promotions), this yields a gross income of around $1.38 million. Baywave makes up most of the Tauranga City Aquatics Ltd lemon with a half-sized pool, not an Olympic pool complex, and employs most TCAL permanent and casual staff, costing say $3.8 million in wages in addition to other running costs.
Rose-coloured spin hides the true financial picture (including interest bills), even though this council-controlled organisation is heavily subsidised by Tauranga City Council ratepayers.
Let the public judge this thing for what it is: A financial millstone with huge water, electricity and repair and maintenance (including malfunction of facilities) bills and accounting, forming a significant part of TCC's total debt burden.
If Baywave income is $1.38m and operating costs were $5.5m, then estimates place ongoing operational losses at $4m per annum.
Accountability and business acumen seem sorely lacking and true picture camouflaged.
R Paterson, Matapihi.


0 comments
Leave a Comment
You must be logged in to make a comment.