Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Fundraising for Len Lye Centre Reaches Council Target

6 March 2014

Fundraising for Len Lye Centre Reaches Council Target

The New Zealand Lottery Grants Board today confirmed a grant of $2.695 million for New Plymouth’s Len Lye Centre, ensuring that the $10m budget for constructing the centre plus $1.5m for fit-out of both the centre and its cinema will be met through external funding.

Mayor Andrew Judd says: “This is good news. The Council’s intention has always been to remove the need for rates or borrowing to fund construction and fit-out and I am pleased we have achieved this goal.

“It has been a great effort from all parties involved including Council staff, the Len Lye Centre Trust and the Len Lye Foundation.

“We must also recognise the generous contributions of our funders – central government, Todd Energy, the TSB Community Trust and private donors. Without their support and belief, this project would never have been possible.”

The lotteries funding not only removes the need for rates or borrowing to build and fit out the centre, it also means the Council will not have to call upon a TSB Community Trust underwrite pledged in 2012 to cover construction and fit-out costs not funded from other external sources.

Chief Executive Barbara McKerrow says: “The Council has been clear in its desire to build and fit-out the Len Lye Centre without burdening ratepayers and I am delighted that we have been able to deliver on this through an outstanding fundraising effort.

“However, reaching the fundraising target does not lessen our commitment to finding alternative sources of revenue and maximising efficiency at the combined Govett-Brewster Art Gallery and Len Lye Centre.

“Nor will we stop the fundraising drive to make this new community asset the best it can possibly be when the doors open for business next year.”

Len Lye Centre - the numbers

Cost of construction and fit-outFundraising to date
$10m – construction of new building$1m – TSB Community Trust, committed in 2009
$1.5m – fit-out of centre and cinema$4m – Ministry for Arts Culture and Heritage Regional Museum Policy Fund, 2011
$0.5m – Lotteries’ Environment and Heritage Fund, 2011
$3m – Sole Founding Partner, Todd Energy, 2011
$0.305m – private donors as of March 2014
$2.695m – Lotteries’ Significant Projects Fund, March 2014
Total : $11.5mTotal : $11.5m

Part of a wider project
The Len Lye Centre is one part of an overall project totalling $16.928m. In addition to the $11.5m budgeted for the centre, the Council is using depreciation funding of $5.428m for earthquake strengthening, deferred renewal work and Building Code requirements at the neighbouring Govett-Brewster Art Gallery. All work was tendered in a single contract to minimise cost.

The new contemporary art museum, combining the Govett-Brewster Art Gallery and Len Lye Centre, is due to open in 2015.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Greens: Russel Norman To Stand Down As Co-Leader

Green Party Co-leader Dr Russel Norman has announced today that he will stand down as leader at the party’s Annual General Meeting in May. Dr Norman will remain as Co-leader and retain his finance and climate change portfolios until the AGM.

“After nearly a decade as Co-leader, now is a good time to find a new challenge for myself, and to spend more time with my family” said Dr Norman.

“This is my ninth year as Co-leader and I think it’s time for a change. Now is a good time for new leadership for the Party. My replacement will start from a strengthened base and will have a full parliamentary term to establish himself in the role and take the Greens into government in 2017." More>>

 

Gordon Campbell: On The Eleanor Catton Rumpus

If anyone was in doubt about the accuracy of the comments made in India by Eleanor Catton, the reaction from some quarters here at home has gone a long way to proving her point… More>>

ALSO:

More Rent Assistance, Less State-Owned Housing: John Key Speech - Next Steps In Social Housing

"We are going to ensure that more people get into social housing over the next three years, whether that is run by Housing New Zealand or a community provider. The social housing budget provides for around 62,000 income-related rent subsidies a year. We are committed to increasing that to around 65,000 subsidies by 2017/18, which will cost an extra $40 million a year." More>>

ALSO:

The Future Of Work: Andrew Little - State Of The Nation 2015

In 2005 when I led the EPMU we worked together with Air New Zealand to find a way to keep engineering jobs that were heading overseas. A lot of these workers were people I’d known for years and they were facing not just losing their jobs but not being able to find the kind of work they do without going overseas. A lot of people were facing personal and financial upheaval.... More>>

ALSO:

Gordon Campbell: On The Sabin Case, The Pressures On Greece And (Songs About) Coyotes

Mike Sabin is a National MP, and the current chairman of Parliament’s law and order committee. Yet reportedly, he is being investigated by the Police over an assault complaint... However, the PM will not comment on any aspect of the story. More>>

ALSO:

Houses, ISIS, King (& Catton): PM Post-Cabinet Press Conference

The Prime Minister met with reporters to discuss: • Social housing, the Auckland housing market • The prospect of joining international forces to combat ISIS • David Bain’s compensation • The lowering of the flag for the King of Saudi Arabia's death ... More>>

ALSO:

Gordon Campbell: On Tomorrow’s Speeches By John Key And Andrew Little

The Key government has already kicked off the political year on a stridently ideological note, with Environment Minister Nick Smith choosing to lay all manner of sins at the door of the RMA. Tomorrow, the government will wheeling out its best salesman – Prime Minister John Key – to sell its plans for state housing… . More>>

ALSO:

Transport: Auckland Looks To Light Rail

The Board of Auckland Transport has called for an investigation into a light rail network, which could relieve traffic congestion on some of the region’s busiest roads. This stems from work in 2012 (the City Centre Future Access study) which responded to a government request to develop a robust and achievable solution for access to the CBD. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news