Tag Archives: Tauranga City Council

Tauranga: Office leases to cover potential losses from hotel

OH WOW, another $100M baby!!!!!!

Tauranga - carpark on Durham St [bayofplentytimes.co.nz] 1This council carpark on Durham St could be home to a long-awaited $100 million hotel and commercial building development.

### ODT Online Wed, 24 Jul 2013
$100m hotel plan for city
By John Cousins – Bay of Plenty Times
A massive $100 million building is proposed for council-owned land in Tauranga’s downtown after plans for an international hotel escalated into a combined hotel and commercial office development.
Mayor Stuart Crosby announced that negotiations between the council and Tainui Holdings, the Waikato iwi’s investment arm, had seen a substantial high-end office development added to the original plans for a $40 million hotel. The council’s ambitions for the block of land on Durham St are now only a week away from a firm direction being given on whether the project went ahead.
Tainui Holdings and its hotel operator partner, Accor group, had until July 17 to carry out due diligence and had kept the council abreast of progress.
Mr Crosby said the much larger project had been driven by the opportunity that the income from office leases would cover potential losses from the hotel: “Hotels are notorious for not making profits in their early years.” APNZ
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Tauranga downtown’s emerging skyline

Recent Additions
$30m ANZ Building on the corner of Cameron Rd & Elizabeth St
$14m Sharpe Tudhope Building on the corner of Devonport Rd & 1st Ave
$21m police station, Monmouth St

Planned Additions
$1m-plus 3-storey retail & office building on The Strand’s Grumpy Mole site
$10m office building on the corner of Willow St & Harington St
$30m TrustPower head office
$67m tertiary and research campus
$100m international hotel and office development

PS. Dunedin is SO not Tauranga. The Bay is poised to boom as the fruit bowl of Asia. Meanwhile on the Taieri, Dunedin City Council lets a councillor and friends build speculative housing and a plant nursery turn into a gravelled ‘destination hub’ (without a legal water connection?) on high class soils, with impunity.

Recent Post and Comments:
25.6.13 Hotel/Apartment Tower decision to be appealed

For information on the proposed $100M ‘Dunedin Hotel’, enter *hotel* in the search box at right.

Posted by Elizabeth Kerr

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Sunday Star Times Business News: Woops DCC

### Stuff Online Last updated 11:52 27/01/2013
Auckland councillors reveal interests
By Rob Stock
The shutters of secrecy around the personal commercial interests of elected councillors and local board members are beginning to lift at the country’s largest local council. In May last year Auckland mayor Len Brown pledged to the Sunday Star-Times that Auckland Council would work towards the establishment of a register of pecuniary interests of councillors, something other major councils have long provided to their ratepayers.
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Near the end of the article we love the reference to “the heavily indebted Dunedin City Council” being without a public register of pecuniary interests of councillors… Something “major councils have long provided to their ratepayers” (see Christchurch, Wellington, Tauranga, and now Auckland).

It’s the remainder of the sentence about Dunedin that really amuses, but let’s reproduce the paragraphs which implicate DCC.

In fact, the lack of registers at some councils – the heavily indebted Dunedin City Council was another without a public register – seems in direct contravention of the Local Government Act that requires councils to operate “in an open, transparent, and democratically accountable manner”.

Local Government New Zealand told the Government it believes the model set by MPs needed to apply to local councillors, arguing that it would “strengthen public confidence in public bodies like local government”, and it turned out that Auckland City Council was supporting the call.

Best we demand a register of Dunedin City councillors’ interests well before the October 2013 local body elections – make the request via public submissions on the Draft Annual Plan 2013/14, and DCC public forums.

DCC homepage portrait nightmares 6.1.13 (screenshot)

Posted by Elizabeth Kerr

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