The council has been asked to provide funding on two fronts that would have a final destination at the Edgar Centre.
The centre itself has asked for a major increase in its service level agreement with the council - an increase of $110,000 for the current financial year and $250,000 for next year.
Basketball Otago has asked for $24,000 to pay the Edgar Centre for venue hire.
Dunedin Indoor Sports Venue Trust chairman Robin Bates said in his submission the stadium had made a $70,000 cash profit in 2006, and a small loss last year, but recorded a loss of almost $160,000 for the two years after depreciation.
When the 2007 accounts were completed, it became apparent neither the council nor the trust had taken depreciation into account for the two years, resulting in delays completing the accounts.
The financial problem was occurring despite the centre ‘‘bursting at the seams'', the committee heard.
Basketball Otago's submission asked for funding that would ‘‘enable the [Nuggets] franchise to stay in Dunedin''.
Chairman John Gallaher said the franchise had not had results on the court, ‘‘but we will not be deterred''.
The organisation was determined to stay in Dunedin. Asked if the funding was essential for that to occur, he said it was an important way for the franchise to create momentum behind the team.
Mr Gallaher agreed to provide financial details of Basketball Otago's operation to the council.
