Time to Buy!

How we finance Auckland’s growth!

September 2016

Our debt strapped Council needs innovative alternative financial funding and development policies. My BIG idea is for Council sponsored involvement in creating a greenfields Satellite City. This project will raise very significant user pays Council revenue, reducing the need for further rates increases.

Here is how ...

Everything council is doing is making property investors, developers and land bankers extremely rich while driving Auckland into debt. So why is this happening?

Sir Barry Curtis had the right idea and the vision when he was mayor of Manukau. Manukau was rich with land and Sir Barry was buying it all up.

Auckland right now is facing this most amazing opportunity of very large growth and a demand for housing and community.

This is what brings wealth to a city. It allows us to grow, put in new infrastructure, create work, investment and international investment. We need a mayor that can see the huge value in this for Auckland and how to make it work for us.

Council doesn’t want to open up land because it needs infrastructure and it cannot see how to pay for it. This is exactly where our opportunities are. New development areas in greenfields is where we need to acquire the land before it is rezoned. We create a plan covering the area which includes all the things a community needs such as roading, water, power, schools, police, fire, ambulance, play grounds, sports fields, parks and much more. We do this in conjunction with developers so that we recoup our full costs for infrastructure as well as paying down debt. We then fast tract the process for the developer to build quickly and economically. This allows us to build on mass scale creating affordable housing and building communities where people will Live, Work and Play. This is how we need to grow Auckland and how we finance our growth and pay down our huge debt.

Says John Palino

Palinoformayor.co.nz/book

www.palinoformayor.co.nz

facebook.com/johnpalinoformayor

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