### National Business Review Thursday July 9 2009 – 08:03am
Dunedin City Council’s Delta rescues Hanover at Jacks Point
By Chris Hutching
Dunedin City Council-owned electricity contractor Delta has bought 100 sections at the 700-lot Jacks Point development in Queenstown that were earmarked for troubled Hanover Finance.
Lines company Delta has expertise in servicing new subdivisions but has recently become involved as an owner, buying a half share from Jim Boult in an uncompleted 150-lot sub division at Luggate.
Delta spokesman Steven Wilson declined to reveal details about the latest deal but disagreed that Delta was “buying work”.
Read more
Jacks Point Website
Information on a residential and resort development on the shores of Lake Wakatipu at the foot of The Remarkables.
www.jackspoint.com/
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### ODT Online Thu, 09/07/2009 – 12:40pm.
Comment by Tired Farmer on Tired farmer
Tired Farmer has just read in the NBR that Dunedin’s City Council’s Delta has rescued Hanover by purchashing one hundred sections at Jack’s Point Queenstown and also a half share in Jim Boult’s Luggate Empire. Who would be a DCC ratepayer? Will there now be a Forsyth Barr Stadium at Queenstown.
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### ODT Online Thu, 09/07/2009 – 11:02am.
Comment by Sally on Glad not to be a ratepayer of DCC
Gosh am I thankful that I am not a ratepayer of the DCC, have just read that the Dunedin City Council-owned electricity contractor Delta has bought 100 sections at the 700-lot Jacks Point development in Queenstown that were earmarked for troubled Hanover Finance. This council is out of control with no sound business practice and prudent stewardship of resources has gone out the back door. It is evident that the old boys network is alive and well.
