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

 

‘Aspirational funding' the best way ahead for Hamilton


Hamilton Mayoral candidate, Angela O’Leary, told the Property Council at a Mayoral debate tonight that the current system of funding the city’s development isn’t working.

A funding system of ‘growth pays for growth’ has been led by the incumbent Mayor.

But O’Leary said the ‘growth pays for growth’ model is too simplistic.

“It forces a disproportionate burden of costs onto the investment community, rather than a balanced approach based on generating multiple benefits and negotiating funding according to who benefits” she said.

“I call my proposed funding model “aspirational funding” because it brings multiple benefits to the city”.

O’Leary gave an example of her proposed ‘aspirational funding’ using the Council-owned, run-down Celebrating Age Centre.

“The Celebrating Age Centre at the southern end of Victoria Street has long been home to many wonderful community groups and runs a full programme on most days, principally for the city’s older residents,” O’Leary said.

“But the building is tired and run down and no longer fit for purpose. It has been identified for redevelopment in the River plan”.

“As Mayor, I will propose a partnership between the City Council and the private sector that would deliver a much needed redevelopment of the community space which would be at no cost to the ratepayer”.

“Council would offer to sell the ‘air space’ above the centre to an investor for a nominal fee. This would allow several storeys of commercial or residential property to be built in return for redeveloping the ground floor into new community spaces for current and future community groups to use”.

“This is just one example of aspirational funding to get an important job done for the community at no cost to the residents of the city.”

O’Leary said developers needed greater certainty in their future relationships with the City Council.
She told the 100 member crowd at the Property Council that she was the sole loud objector during the Council reviews of the Development Levy.

“I saw what was coming and I predicted the consequences – the withdrawal of our developers, land banking, and businesses moving out of the city”.

“All of these things have happened. Just look at Sleepyhead and APL. This is poor decision making and bad policy from this Mayor and Council which is a handbrake on sensible development.”

O’Leary said she recognised that incentives work and that Council has a responsibility to offer incentives for developments where residents stand to benefit.

“I fought hard to keep the CBD remission when the current Mayor proposed it should be removed, other Mayoral candidate Southgate supported the removal of the CBD incentive over 2 years”.

“From my perspective it makes no sense to me at all to pull the rug out from developers who have invested in our town centre and made a commitment to its revival”.

“That’s why I believe my proposed partnership approach is one that offers opportunities for developers while bringing huge benefits for the people of the city at no cost to them.

“Let’s get it done” O’Leary said.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Madrid Climate Talks: Decade Ending 2019 Likely To Be Hottest On Record

Exceptional global heat driven by greenhouse gas emissions mean this decade will most likely go down as the warmest on record, according to the World Meteorological Organization...

The agency also finds that 2019 is on track to be the second or third warmest year in history, with the global average temperature during January through October, roughly 1.1 degrees Celsius above the pre-industrial era.

“If we do not take urgent climate action now, then we are heading for a temperature increase of more than 3°C by the end of the century, with ever more harmful impacts on human wellbeing.” More>>

 

NZ First Conflicts Of Interest: New Details Around Timeline

New information has emerged showing it was the New Zealand First chief of staff who identified potential conflicts of interest between a forestry company and two senior government ministers, sparking a series of declarations. More>>

Earlier:

Donations:

Five New Cancer Meds In Six Months: Pharmac Funds More Cancer Medicines, Faster Assessment

PHARMAC has confirmed that two new medicines – olaparib for ovarian cancer and fulvestrant for breast cancer – have been approved for funding... Rituximab and bortezomib, which are already funded, have also been approved for widened access following successful commercial proposals from new suppliers. More>>

ALSO:

Gordon Campbell: On Stoking Fears About Cannabis Law Reform

It was always going to be hard to have a rational debate on cannabis reform. Far easier for politicians to win votes by stoking alarm... More>>

ALSO:

Tūhoronuku Mandate Recognition Ends: "New Opportunity" For Ngāpuhi Treaty Negotiations

The Crown is providing an opportunity for the hapu of Ngāpuhi to rebuild its framework from the ground up for collective negotiations to deal with its historical Treaty claims... More>>

ALSO:

Pike River: Next Phase Of Recovery Underway

“Fresh air will be pumped into the Pike River Mine drift this week, following acceptance of the plan for re-entry beyond the 170m barrier by New Zealand’s independent health and safety regulator WorkSafe." More>>

ALSO:

Peters Stoic: Russia On Afghan Firing Range Deaths

The foreign minister won't be calling in the Russian ambassador concerning comments made about New Zealand soldiers in Afghanistan. In a media briefing late last month, Russian Foreign Ministry spokesperson Maria Zakharova said New Zealand must investigate crimes against civilians. More>>

ALSO:

Christchurch Call: Online Crisis Response Workshop In Wellington

Governments and tech companies are holding a two-day workshop, hosted by YouTube/Google in Wellington, to test the Christchurch Call Shared Crisis Response Protocol. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels