Dunedin Mayor Dave Cull is raising the possibility of city assets being sold to reduce debt.
Council debt now totals $345 million, of which $148 million is due to the city's new stadium.
Mr Cull says making a final decision on this will have to await further analysis, including reports by a newly appointed board at Dunedin City Holdings Ltd.
If asset sales do proceed, he says they could include the city's electric lines company, an infrastructure maintenance company and pine forests.
