Announcement Video: Crown and City Council cost sharing
Crown and Christchurch City
Council cost sharing agreement from CCDU on Vimeo.
and Christchurch City Council cost sharing
Prime Minister John Key, Gerry Brownlee
Minister for Canterbury Earthquake Recovery and Mayor Bob
Parker today announced the cost sharing arrangements for the
anchor projects in the Christchurch Central Recovery Plan,
and the repair and replacement of the city’s essential
The announcement allocates an
investment of $4.8 billion – $2.9 billion of it coming
from the Crown, and $1.9 billion committed by the
Christchurch City Council.
For more information on this
© Scoop Media
Scoop Business: Auckland Convention Centre Cost Jumps By A Fifth
SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out.
The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill, it said in a statement. The casino operator had previously estimated the centre would cost $402 million, which it had agreed to cover in return for extensions to its Auckland gaming licence.
The company today lodged its application for a resource consent. More>>