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Athenaeum Withdrawn From Market

Athenaeum Withdrawn From Market

Dunedin, 13 September 2012 – The Athenaeum has been withdrawn from the market to give Dunedin City Councillors time to fully consider its future.

The Octagon building had been advertised for sale, but the Dunedin City Council today withdrew the property from the market.

Council Chief Executive Paul Orders says the Property Subcommittee had agreed in April that a report be prepared on the strategic options around the Athenaeum, but this had not occurred. Consequently, there is no formal resolution from the Council to sell the building.

Staff are preparing a report on strategic options around the Athenaeum.

Once Councillors have had time to consider the report, the intention at this stage is to call an extraordinary meeting to discuss the building’s future.

Mr Orders says it is important to ensure Councillors have an opportunity to fully consider the options, in line with the resolution passed previously.

ENDS

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