It’s so good to see the new stadium up and running at Addington, now the new home for the Crusaders and a refurbished home for league as well as being available for football and events. The stadium was built adjacent to the Westpac Business and Community Hub where we are currently based. It has been quite incredible watching progress there over the last 100 days - up to 500 people on site at any one time, all working in a well coordinated way, bringing used and new components to the site and at 5.00pm on Friday, 24 hours before kick-off, the entranceways to the grounds were being sealed. Talk about programming things down to the last minute!
It is good to see the Crusaders and Canterbury now have a new, albeit temporary, home and it is symbolic of the progress starting to be made around the city. Everywhere I go now I see signs of repairs and new buildings, and with seismic activity continuing to settle down, I think we will be seeing a lot more insurance activity on the residential front in the very near future.
Managing the pressures that full scale recovery will bring to this economy is going to be quite a trick. Population volatility, resource constraints and the disruption of the recovery process will all place significant challenges upon us. However, the way I look at that is that we have got 15-20 years of positive growth locked into this economy as we recoup as much of the $30b worth of insurance cost as we can. And of course many of us will be making improvements to our houses as we repair them. We won’t just be replacing our residences on a like-for-like basis. All of this injects new equity into our community as we march forward.
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