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

 


Kiwi Businessmen Disappointed at Car-Park Offer Rejection

Kiwi Businessmen Disappointed at Car-Park Offer Rejection


The two Auckland businessmen who made an unconditional cash offer of $75 million to buy a downtown car-park from Auckland Council on Friday are disappointed the council this morning rejected their offer and returned their offer documents and $7.5 million deposit cheque.

The offer, by the kiwi entrepreneurs behind the city’s landmark City Works Depot precinct, James Brown, 39 of Freemans Bay, and Simon Rowntree, 39 of Orakei, was $10 million above valuation.

Mr Brown and Mr Rowntree hoped their offer would help reduce planned rates increases and enable Queen Elizabeth Square to remain open to Aucklanders and in public ownership. The council is currently negotiating the sale of Queen Elizabeth Square, in the heart of the CBD, with a publicly listed company.

However, this morning, lawyers for the council advised lawyers for Mr Brown and Mr Rowntree that the car-park’s divestment would need to be included in its Long-Term Plan, which is still being developed, and would require public consultation.

“James and Simon are disappointed that the council has decided not to consider alternatives to privatising Queen Elizabeth Square to fast-track the Auckland City Rail Link and reduce rate increases,” a spokesperson for Mr Brown and Mr Rowntree said today.

“Nevertheless, they accept the council’s decision and that’s where the matter will rest, enabling them to focus on other business opportunities.”

END


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Parliament Today:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Road Crime: Wicked Campers Vans Classified As Objectionable

The definition of publication includes any "thing that has printed or impressed upon it, or otherwise shown upon it, 1 or more (or a combination of 1 or more) images, representations, signs, statements, or words", The Classification Office has previously classified such 'things' as billboards, t-shirts, and even a drink can. This is the first time the Classification Office has classified a vehicle. More>>

ALSO:

'When New' Repairs: Landmark EQC Settlement

The Earthquake Commission has cut a deal with 98 Canterbury homeowners that affirms the government entity's responsibility to repair earthquake-damaged property to a 'when new' state, as well as covering repairs for undamaged parts of a property and clarifying its position on cash settlement calculations. More>>

ALSO:

Gordon Campbell: On Kiwirail’s Latest Stint In The Dogbox

The denigration of Kiwirail continues. The latest review (based on a 2014 assessment) of the options facing the company have enabled Kiwirail to be hung out to dry once again as a liability and burden on the taxpayer. More>>

ALSO:

Royal Society Report: Good Opportunities To Act Now On Climate Change

There are many actions New Zealand can and should take now to reduce the threat of climate change and transition to a low-carbon economy, a report released today by the Royal Society of New Zealand finds... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news