Daily Archives: May 11, 2010

Science funding, National be praised

### ODT Online Tue, 11 May 2010
$321m science boost announced
Research, science and technology will be a major recipient of funding with the Government pumping $321 million into the sector in next week’s budget. Prime Minister John Key announced today the funds have been allocated for new initiatives over the next four years, of which $225m is new funding and $96m is reprioritised.

“The budget will focus squarely on building faster and sustainable economic growth – it’s the only way we can create the jobs, higher incomes and the better living standards New Zealanders deserve,” Mr Key says. “Research, science and technology will help us achieve that goal.” NZPA
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### tvnz.co.nz 8:16AM Tue May 11, 2010
Big spend on research, science and technology
Source: ONE News/NZPA
Bright sparks are getting a helping hand from the government in one of its biggest spending pledges. Nine days out from Finance Minister Bill English delivering his second Budget, he has revealed the government will pump $321 million into research, science and technology. The government says a large chunk of that will help medium and large businesses to grow.
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Post by Elizabeth Kerr

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DCC Media Release – Chief Post Office

Dunedin City Council
Media Release

Chief Post Office’s Future Sorted

Last reviewed: 11 May 2010 9:10am

The former Chief Post Office building in Princes Street will be given a new lease on life – but not as a new site for the city’s central library.

The DCC has been conducting a feasibility analysis on the building’s suitability for adaptation to a library/office accommodation complex under an option from the building’s current owner South Canterbury Finance.

That option recently expired before the DCC analysis was completed and the Council has been unable to negotiate an extension after a firm offer to develop the building as a hotel was received by its owners.

The CPO building will now be developed as a 4 star hotel by Distinction Hotels whose owner, Mr Geoffrey Thomson, already owns hotels in Queenstown, Te Anau and Rotorua.

Mr Thomson, who hopes to have the Dunedin hotel open in time to meet demand for the Rugby World Cup, is excited by the opportunity to add to the city’s accommodation capacity.

“I think this is the most appropriate use of the building. Not only will it bring new construction jobs during the conversion to a hotel and then deliver dozens of permanent new jobs when complete, it will also grow the tourism market in Dunedin, Otago and Southland” said Mr Thomson.

Meanwhile, Mayor, Peter Chin, says the news is bittersweet. “We’re disappointed our plans for the Library have come to nothing. But the city will benefit from the development of a new hotel, which, like our Library plans, will revitalise an iconic heritage inner-city precinct.”

The Council had made no financial commitment to the development of the CPO. The costs of the analysis have been absorbed by the generosity of the consultants wishing to see the city landmark building put to good use.

Contact DCC on 477 4000.

DCC Link

Posted by Elizabeth Kerr

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