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

 

Agreement reached on new crossing car park building

Agreement reached on new crossing car park building

22 May 2014

The construction of a large new car park building on the Crossing site in the CBD is being described by Christchurch Mayor Lianne Dalziel as a circuit-breaker for retail development in the inner city.

The Christchurch City Council has announced it has reached agreement with Carter Group Ltd which will build a 534-space car park on the Crossing site and operate and maintain it for 50 years as a public car park.

"This is a very significant announcement," said the Mayor.

"The provision of car parking at this kind of scale is a critical requirement for a successful retail environment in the inner city.

"Together with Carter Group we have delivered a clear signal to banks, investors and developers about the City Council's support for the retail precinct," said the Mayor.

Carter Group Chief Executive Mary Devine said the agreement with the Council would be a game-changer for the rebuild of the CBD and also the retail precinct.

"As well as underpinning our own $100 million retail development, we believe this will also unlock other developments in the retail precinct and the CBD.

"It will give other investors, developers and tenants confidence that now is the time to progress their plans.

"Reaching an agreement with the City Council has been a long journey but Carter Group appreciates the collaborative approach taken by the Council and the Central City Development Unit of CERA in finding a solution that works for all," said Mary Devine.

The existing 200-space Crossing car park was built in terms of an agreement reached with Carter Group in 1998.

This building was significantly damaged as a result of the earthquakes and negotiation with the Council's insurer was delaying the decision on the future of the site, putting doubt around Carter Group's own development and affecting other investor and developer confidence around the retail precinct.

The Council formed a project control group to work together with Carter Group for a solution to ensure public car parking would return to the inner city.

In the agreement reached, the Council has sold the car park land to Carter Group for market value, and Carter Group has agreed to build the 534-space car park as part of its proposed $100 million retail development.

Carter Group will operate and maintain the building for 50 years as a public car park.

Full details of the agreement are subject to a commercial confidentiality clause that expires in late 2015.

Cr Paul Lonsdale said the success of the inner city was all about having people come into town and what they wanted being accessible.

"This council is totally committed to ensuring it plays a key role in facilitating the delivery of our city centre's success," said Cr Lonsdale who was formerly central city manager for the Business Association and played a key role in managing the Re:START project.

Cr Lonsdale said momentum was already underway that would transform the inner city in a relatively short time.

"Re:START is moving to make way for the $100m Cashel Square development. A total of 1700 government office workers are going to lease buildings in the Cashel Square development.

"Westpac will shift more than 450 staff into new premises being built by Antony Gough in his Terrace complex on Oxford Tce.

"The Justice and Emergency Precinct will be the largest multi-agency government co-location project in New Zealand's history.

"The Bus Interchange opening in mid 2015 will handle up to 115 bus movements per hour and by 2041 it will be used by about 7,500 people per hour.

"Very soon more than 2000 people will be working in or using the retail precinct daily," said Cr Lonsdale.

The chair of the Council's finance committee Cr Raf Manji said the agreement ensured ratepayers' interests were protected while satisfying the Council's pre-existing commercial commitments with the Carter Group.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

.

 
 

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>

ALSO:

Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>

ALSO:

(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>

ALSO:

Earlier:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election