Tag Archives: Yaldhurst

How to drop Crombie and the mafia from City boards

Or read, how the new city council will continue to undermine the Ratepayers and Residents of Dunedin, as well as the power consumers and district councils of Otago, just like before…. by allowing ill-considered (shoulder tap) appointments of a ‘class of morons’ to the boards of the City companies.

Troughers Unite.

ODT 11.1.17 (page 4)

odt-11-1-16-in-brief-p4-1

Posted by Elizabeth Kerr

This post is offered in the public interest.

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Filed under Aurora Energy, Carisbrook, Central Otago, Construction, Corruption, DCC, DCHL, DCTL, Delta, Democracy, Design, Dunedin, DVL, DVML, Economics, Education, Electricity, Events, Finance, Geography, Health, Highlanders, Housing, Infrastructure, Media, Name, New Zealand, NZRU, OAG, Ombudsman, ORFU, People, Perversion, Pet projects, Politics, Project management, Property, Public interest, Queenstown Lakes, Resource management, SFO, Site, Sport, Stadiums, Tourism, Town planning, Travesty

Hamilton Mayor has it right —DCC has lost ratepayers hundreds of millions of dollars

The misuse of public funds at Dunedin is far from being over……

Received Sun, 8 Jan 2017 at 5:21 p.m.

hcc

Questions mount over Hamilton City Council’s commercial nous. By comparison, how does Dunedin City Council stack up ?

### Stuff.co.nz Last updated 12:03, Jan 6 2017
Business: Property
Hamilton City Council urged to stay away from property ‘gambling’
By Aaron Leaman
….Hamilton Mayor Andrew King said the city council has a poor record when it comes to commercial property deals. And he doesn’t want any more ratepayer money risked on commercial developments. Records obtained under the Official Information Act show the Hamilton City Council has taken a multimillion-dollar hit on a raft of property deals dating back to the mid-1990s. The council incurred heavy losses after selling properties at well below their purchase price.
….In 2017, city councillors will consider restoring the council’s property development company, Hamilton Properties Ltd, after an almost 20-year hiatus. Last term, the council voted to transfer the city’s municipal and domain endowment funds, valued about $52 million, to the council-controlled organisation. The decision can be overturned by the new council. Hamilton Properties Ltd was set up in 1989 and retired in 1998 after developing a host of commercial and community sites, including the BNZ building and Novotel Hamilton Tainui in the central city.
….King said the council should enable developers and investors to risk their money to build Hamilton. “We’ve got $50 million sitting in these funds and I think the proposal to give it to Hamilton Properties Ltd is very, very scary, in my opinion,” King said. “It’s not our job as councillors to risk ratepayers’ money and go into competition against others. The record clearly shows that we are way out of our depth. We’re not specialists in this field and anything council does seems to cost twice as much as what the specialists in the field can do it for.” King’s views, however, are at odds with senior council staff, who have defended the city’s investment nous.
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Posted by Elizabeth Kerr

This post is offered in the public interest.

10 Comments

Filed under Business, Construction, Democracy, Design, Economics, Finance, Media, New Zealand, OCA, Ombudsman, People, Perversion, Pet projects, Politics, Project management, Property, Public interest, Resource management, SFO, Site, Town planning, Travesty, Urban design, What stadium

Healthy views Monday midnight to 6:00 p.m.

Top 12 Posts & Pages

1. Home page / Archives
2. Delta #EpicFail Noble Subdivision : If I were a rich man / Delta Director
3. Delta #EpicFail Noble Subdivision Consent : Strictly Optional
4. Jonkey a flag!
5. Delta #EpicFail Noble Subdivision : NBR interested in bidders
6. Dunedin: University students into excess alcohol, party…. #CRIME
7. Delta #NUCLEAR EpicFail —Noble Subdivision : Incompetent Contracting
8. Delta #EpicFail: Mayor Cull —Forced Sale Fundamentals 101
9. Dunedin Symphony Orchestra to former Hanover Street Baptist Church
10. CELEBRATE !!! Greater Dunedin has DIED #boombustcycle
11. Delta #EpicFail —Noble Subdivision: Cameron, Crombie and McKenzie
12. Delta: Update on Yaldhurst subdivision debt recovery

[132 posts viewed]

PuffDaddyVEVO Published on Feb 22, 2016
Puff Daddy & The Family – Auction ft. Lil’ Kim, Styles P, King Los
Directed by Hype Williams
(C) 2016 Bad Boy Entertainment

Posted by Elizabeth Kerr

10 Comments

Filed under Business, DCC, DCHL, DCTL, Delta, Democracy, Dunedin, Economics, Events, Infrastructure, Media, Name, New Zealand, People