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

Gordon Campbell:
On The Northland By-Election

Supposedly, Winston Peters’ victory in Northland has exposed the simmering dissatisfaction with the government that exists out in the provinces. Yet it remains to be seen whether this defeat will have much significance – and not simply because if and when Labour resumes business as usual in the Northland seat at the next election, Peters’ hold on it could simply evaporate.

On Saturday, National’s electorate vote declined by 7,000 votes, as the 9,000 majority it won last September turned into a 4,000 vote deficit – mainly because Labour supporters followed the nod and wink given by Labour leader Andrew Little, and voted tactically for Peters. In the process, Labour’s vote went down from nearly 9,000 votes six months ago, to only 1,315 on Saturday. More>>

 
 

PARLIAMENT TODAY:

Climate: Ministers Exclude Emissions From ‘Environment Reporting'

The National Party Government has today revealed that the national environmental report topics for this year will, incredibly, exclude New Zealand’s greenhouse gas emissions, the Green Party said today. More>>

ALSO:

No Retrial: Freedom At Last For Teina Pora

The Māori Party is relieved that the Privy Council has cleared the final legal hurdle for Teina Pora who was wrongfully convicted of murder and sent to prison for 22 years. More>>

ALSO:

Germanwings Crash: Privacy Act Supports Aviation Safeguards In New Zealand

Reports that German privacy laws may have contributed to the Germanwings air crash have prompted New Zealand’s Privacy Commissioner to reassure the public that the Privacy Act is no impediment to medical practitioners notifying appropriate authorities to a pilot’s health concerns. More>>

ALSO:

Treaty: Taranaki Iwi Ngāruahine Settles Treaty Claims For $67.5mln

The settlement includes a $13.5 million payment the government made in June 2013, as well as land in the Taranaki region. The settlement also includes four culturally significant sites, the Waipakari Reserve, Te Kohinga Reserve, Te Ngutu o te Manu and Te Poho o Taranaki. More>>

ALSO:

Gordon Campbell: On A Funeral In Asia, The Northland By-Election, And News Priorities

Supposedly, New Zealand’s destiny lies in Asia, and that was one of Foreign Minister Murray McCully’s rationales for his bungled reforms at MFAT. OK. So, if that’s the case why didn’t Prime Minister John Key attend the state funeral on Sunday of Singapore’s founding leader Lee Kuan Yew? More>>

ALSO:

Werewolf Satire: Not Flag-Waving; Flag-Drowning

The panel choosing the flag options has no visual artists at all. Now, I’ve kerned the odd ligature in my time and I know my recto from my French curve so I thought I’d offer a few suggestions before they get past their depth. More>>

ALSO:

IPCA Reports: Significant Problems In Police Custody

In releasing two reports today, the Independent Police Conduct Authority has highlighted a number of significant problems with the way in which Police deal with people who are detained in Police cells. More>>

ALSO:

Inspector-General of Intelligence and Security: Inquiry Into GCSB Pacific Allegations

The complaints follow recent public allegations about GCSB activities. The complaints, and these public allegations, raise wider questions regarding the collection, retention and sharing of communications data. More>>

ALSO:

TPPA Investment Leak: "NZ Surrender To US" On Corporates Suing Governments

Professor Jane Kelsey: ‘As anticipated, the deal gives foreign investors from the TPPA countries special rights, and the power to sue the government in private offshore tribunals for massive damages if new laws, or even court decisions, significantly affected their bottom line’. More>>

ALSO:

Werewolf: The Myth Of Steven Joyce

Gordon Campbell: The myth of competence that’s been woven around Steven Joyce – the Key government’s “Minister of Everything” and “Mr Fixit” – has been disseminated from high-rises to hamlets, across the country... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news