Otago Regional Council has confirmed its funding for a new stadium in Dunedin, by six votes to four.
The council is contributing $37.5 million to the $200 million project after being satisfied that a private sector funding shortfall of $15 million will be met.
Chairman Stephen Cairns advised council members on Tuesday that the Crown would underwrite the $15 million.
Dunedin Mayor Peter Chin hopes the Government's offer will be a stimulus for private funders who are yet to commit to the stadium.
He says any terms and conditions attached to Government support have yet to be discussed.
