Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search

 

Major Auckland Projects Face Budget Constraints Due To Covid-19

Auckland Council development agency Panuku is reviewing a number of major projects due to a projected half-billion revenue loss because of coronavirus.

But the council-controlled organisation (CCO) will not say which projects might be affected.

Panuku currently has urban regeneration projects planned, or underway, in a number of Auckland suburbs, including Manukau, Old Papatoetoe, Onehunga, Panmure and Pukekohe.

It is one of the super city’s most powerful public entities and manages around $3 billion of land and buildings owned by the council.

Acting chief executive David Rankin said Panuku was working to understand the full impacts of Covid-19.

"At this stage it’s too early to predict, but we do expect that our planned projects and budgets will need to reduce overall, in line with the wider council budget," he said.

"As the council consults and then confirms its budget for the next financial year, we will have a better view of how and where we will need to revise timelines and activities."

The council will vote on Thursday to put a new, revised budget for 2020/2021 out to public consultation.

In a statement on Friday, Mayor Phil Goff said the council was predicting a shortfall of $550 million in revenue over the next financial year as a result of the Covid-19 crisis.

"The reality is, we have less money coming in, so we have less money that we can spend on the city and less money to deliver the essential services that Aucklanders rely on."

The financial blow comes after a report, released in October 2019, said Panuku's plans for the Manukau area were at risk.

The report, by the head of Panuku’s portfolio management office, Martha Tong, said the Manukau Framework Plan, which sets out how Panuku plans to transform the Manukau area over the next 20 to 25 years, was endangered by uncertainty over progress with the Crown and Auckland Council’s "corporate office rationalisation".

The business case, which was signed off by Panuku in September, was expected to see capital expenditure of $89 million over the next nine years.

It said it would involve redeveloping underutilised property assets for housing and commercial development in Manukau, which would in turn attract visitors, business and investors.

"A softening property market is resulting in some development sites, where Panuku is seeking a development agreement of some kind, being delayed or failing to become unconditional.

"This is resulting in re-working of projects, with associated revision of timelines."

© Scoop Media

 
 
 
Top Scoops Headlines

 

Gordon Campbell: On Why We Shouldn’t Be Pushed Into Re-Opening Our Borders

I believe in yesterday as much as Paul McCartney, but it was bemusing to see the amount of media attention lavished last week on the pandemic-related musings by former government science adviser Sir Peter Gluckman, former Prime Minister Helen Clark ... More>>

Gordon Campbell: On The Media Collusion With National’s Attack Lines

For most of the past week, any consumer of this country’s management of Covid-19 would think New Zealand was actually Brazil, or Texas. The media language has been full of claims of “botches” at the border, and laxness and inexcusable errors ... More>>

Gregor Thompson: Don’t Be Too Pessimistic About New Zealand’s Future.

With the first hurdle hopped our Government will be turning its attention to trying to soften the economic damage this pandemic has on our little archipelago. More>>

Eric Zuesse: U.S. Empire: Biden And Kerry Gave Orders To Ukraine’s President

Eric Zuesse, originally posted at Strategic Culture On May 19th, an implicit international political warning was issued, but it wasn’t issued between countries; it was issued between allied versus opposed factions within each of two countries: U.S. and Ukraine. ... More>>

The Coronavirus Republic: Three Million Infections And Rising

The United States is famed for doing things, not to scale, but off it. Size is the be-all and end-all, and the coronavirus is now doing its bit to assure that the country remains unrivalled in the charts of infection . In time, other unfortunates may well ... More>>

Binoy Kampmark: Altars Of Hypocrisy: George Floyd, Protest And Black Face

Be wary what you protest about. The modern moral constabulary are out, and they are assisted by their Silicon Valley friends in the Social Media club. Should you dare take a stand on anything, especially in a dramatic way, you will be found out ... More>>

Binoy Kampmark: Welcome Deaths: Coronavirus And The Open Plan Office

For anybody familiar with that gruesome manifestation of the modern work place, namely the open plan office, the advent of coronavirus might be something of a relief. The prospects for infection in such spaces is simply too great. You are at risk from ... More>>


Binoy Kampmark: Why Thinking Makes It So: Donald Trump’s Obamagate Fixation

The “gate” suffix has been wearing thin since the break-in scandal that gave it its birth. Since Watergate, virtually anything dubious and suggestive, and much more besides, is suffixed. Which brings us to the issue of President Donald Trump’s ... More>>