Banks's election campaign opposed placing the financial burden on local tax payers for the reconstruction programme, which would see the stadium's capacity riased to 60,000 - the International Rugby Board's stipulated minimum capacity for a semi-final and final venue.
Mr Banks said Auckland City Council welcomed the Rugby World Cup and was willing to help pay for some of the infrastructure needed around the stadium, but not for the interior and grandstand.
The demolition of Eden Park's south and southwest stands is scheduled to begin next August.
