It's anticipated the sign-off of Christchurch's multi-million dollar stadium will regenerate the city.

Christchurch City Councillors will this morning decide whether to build Te Kaha - despite an extra $150 million being needed.

The lead contractor has agreed to a fixed price of $683 million meaning the average ratepayer will initially pay $144 a year for the stadium.

Wellington's Sky Stadium boss Shane Harmon told Mike Hosking he'd argue it's a no-brainer.

He says he looks at stadiums in the same way as any other important facility such as a library - and it will add to the vibrancy of the city.

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