Daily Archives: October 12, 2010

Peter Chin positive

### ODTOnline Tue, 12 Oct 2010
There’s a feeling of relief: Chin
By David Loughrey
Peter Chin may have lost the election but he appears to have rediscovered his sense of humour – and perhaps his joie de vivre – following Saturday’s election results. Dunedin’s outgoing mayor was yesterday clearly a happier man following the weight of office being lifted from his shoulders after six years in a job that involved “committing yourself completely to Dunedin”. And he took a parting shot at the candidates who ran negative campaigns “rubbishing” a city Mr Chin said had made considerable progress.
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### ODT Online Tue, 12 Oct 2010
Farry not expecting a stop to stadium
By Chris Morris
The ousting of Peter Chin as Dunedin mayor “doesn’t make sense”, but is unlikely to affect progress towards completing Forsyth Barr Stadium, Carisbrook Stadium Trust chairman Malcolm Farry says.
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Posted by Elizabeth Kerr


Filed under Economics, People, Politics, Project management

Bond bank for local councils

## stuff.co.nz Last updated 05:00 10/10/2010
Councils prepare to flex borrowing muscle
By Rob Stock – Sunday Star Times
A bond bank to give local councils access to cheaper borrowing and offering local authority debt for ordinary mum-and-dad investors could be in place as early as August next year. The bond bank, which had its genesis in a brainwave by prime minister John Key when he was in opposition, is being backed by all major councils with the exception of Dunedin City, which came under fire last week from an election candidate over its borrowing process.
The bond bank would enable local authorities to combine their borrowing power. It would manage a portfolio of council debt, and issue liquid securities with high credit ratings secured against it. The securities would be marketed not just here, but overseas where yields are low, driving council borrowing costs down.
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Posted by Elizabeth Kerr


Filed under Economics, Politics, Stadiums