Tag Archives: Construction costs

Hostel project loses Ngai Tahu, ChCh rebuild strains construction sector

### ODT Online Sat, 15 Nov 2014
Iwi pulls out of project
By Vaughan Elder
Ngai Tahu has withdrawn from a project worth tens of millions to build two student hostels in Dunedin, but says it remains keen on investing elsewhere in the city. Ngai Tahu’s exit from the Otago Polytechnic project does not signal its end, with the polytechnic looking at other options to get it off the ground. The original project had involved building an up to 235-room, $20 million hall of residence on surplus Dunedin City Council land on the edge of Logan Park, with a view to building another hall on adjacent council land if the first proved successful.
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Comments from another thread:

February 7, 2014 at 5:36 pm

Daaave cunningly spots a deepish source of investment potential.
Mark Solomon and his board are no fools.

### ODT Online Fri, 7 Feb 2014
City-Ngai Tahu good partners
By Hamish McNeilly
The relationship between Ngai Tahu and the Dunedin City Council is “blossoming by the day”, as their respective leaders discuss regional economic development, including the benefits and risks of offshore oil and gas exploration.
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February 8, 2014 at 3:21 pm

Ngai Tahu investment welcome (via ODT):
8.2.14 Ngai Tahu eyes second project
22.8.13 Public consultation on $20m hostel soon
21.8.13 $20 million student hostel planned

Comments profiling Sir Marc Solomon:
https://dunedinstadium.wordpress.com/2013/12/09/unicef-nz-statement-on-child-poverty-monitor/#comment-43394 | https://dunedinstadium.wordpress.com/2013/11/30/dvml-in-disarray/#comment-43144

Related Posts and Comments:
9.6.12 City Property to compete more obviously in the market…
13.1.14 Taking to water like a duck on oil

Posted by Elizabeth Kerr

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