News, Events and Culture

Stadium Naming Partnership Struck

Friday September 18 2015










The stadium will now be called the Central Energy Trust Arena.

The memorandum of understanding signed on Wednesday provides for the two organisations to develop the stadium under a 10-year partnership, with the City Council investing $17.5m over a 10-year period, and the Trust investing $2.2 million.

Negotiations by the Trust were led by chairman and former Palmerston North City Mayor Sir Brian Elwood and deputy chairman Rod Titcombe.

"This is a significant deal for the region as well as the city," says Mayor Grant Smith. "It gives the region a stadium of a credible size, and facilities to be proud of, with a long-term plan backed by a significant partner."

A review of the stadium in 2013 prioritised a set of projects needed, including a new stand, splitting up the back fields, better lighting, seating and changing facilities. New signage is due within the next four to six weeks.