Delta dawn what’s that flower…

### 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.

Posted by Elizabeth Kerr

3 Comments

Filed under Economics, Geography, Media, Politics, Project management, Site

3 responses to “Delta dawn what’s that flower…

  1. This story from the ODT:
    http://www.odt.co.nz/your-town/queenstown/152595/fewer-half-sections-sold
    How many of their 100 sections does Delta still own?
    What is it costing Delta to finance this holding?
    Is Delta going to lose money on their property speculation?

  2. Russell Garbutt

    Try and get any information out of Delta – a wholly owned DCC company through DCHL. Just why is it that they can operate in a way that from the outside seems cavalier and irresponsible.

    Delta are a major financial supporter of professional rugby through direct financial grants, purchase of professional rugby product through corporate boxes and the like, and direct supplier of a whole range of services which are yet to be shown to have been supplied at anything like commercial rates.

    Delta is just another back door way that the DCC supplies money to the professional rugby sector and it is more than time that we learned exactly what that support has been and currently is.

    The foray into property speculation is not core business, but who can expect more when we have the current people in governance roles who seem to have allowed unauthorised expenditure, and a loss of vision of what they are supposed to be actually doing – providing a good ratepayer dividend from running good business.

  3. …you’ve got on’/Helen Reddy. Delta Dawn is also a Louisiana tweeter who got funny. So did DD, as I recall.

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