Daily Archives: June 9, 2012

City Property to compete more obviously in the market (their excuse: PPP)

UPDATED POST June 11, 2012 at 5:53 pm

Read: DUNEDIN CITY COUNCIL LET’S MOVE TO PROTECT THE CONSTRUCTION INDUSTRY JUST LIKE WE DID PROFESSIONAL RUGBY
(Side bar: Let’s replicate Dunedin’s central police station in Queens Gardens, and other such crocks)
(Question of the Day: Why is a council manager empowered to speak out ahead of councillors and the chief executive? Wethinks Dave Cull has a lot to do with this. Your turn to answer, Mr Cull)
(This is a bit like GM Tony Avery speaking out on council’s need to redesignate for SH88, without telling the whole story of gross council incompetence and the likely multi-million dollar cost to ratepayers)
(It’s what you don’t say)

### ODT Online Sat, 9 Jun 2012
Council mulls public-private hotel plan
By Chris Morris
The Dunedin City Council is considering a public-private partnership that could result in a second new hotel being built in the central city.

Council seeks $15 million portfolio boost

The idea was among several being considered by the council’s city property department to increase the value of the $89 million investment property portfolio it will manage over the next few years. The proposal could result in a 60-room, three or four-star “boutique” hotel being constructed on the council’s Dowling St car park site, south of the Octagon, council city property manager Robert Clark confirmed. If approved, it would be built together with a multistorey parking building, with the estimated $15 million cost split between the council and an interested private developer, Mr Clark said. The council would build the car park and the developer the hotel, meaning the two parties would share costs and returns from the investment, Mr Clark said.

Various council departments were involved in discussing the project, but it was yet to be considered by the council’s property subcommittee – headed by Mayor Dave Cull – and would also need approval at a subsequent full council meeting.

Mr Clark said that could happen later this year, if a detailed analysis established a healthy return on investment was achievable.
Read more

TWO COMMENTS
Phil’s eyes-wide-open look at City Property!

https://dunedinstadium.wordpress.com/2012/06/09/city-property-to-compete-more-obviously-in-the-market-their-excuse-ppp/#comment-24692
https://dunedinstadium.wordpress.com/2012/06/09/city-property-to-compete-more-obviously-in-the-market-their-excuse-ppp/#comment-24695

Posted by Elizabeth Kerr

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