ASB Showgrounds owe about $4.8m

ASB Showgrounds, a victim of covid. (Image: AucklandNZ)
The ASB Showgrounds went into liquidation on June 22 owing more than $4.8 million, the first liquidator's report shows.Liquidator Paul Vlasic of Rodgers Reidy said the showground's custodians, the Auckland Agricultural Pastoral and Industrial Shows Board, had incurred "significant losses" as a result of covid trading restrictions as it was unable to operate at anything other than alert level 1. That was compounded by the lease between the board and the Cornwall Park Trust Board (CPTB). This didn't provide for any leas...
Subscribe to BusinessDesk
Stay informed on business, government and financial developments across New Zealand.
- Deeply researched, twice-edited and fact-checked news
- Annual subscribers also receive a complimentary subscription to The Wall Street Journal
- Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers
You can cancel anytime with two clicks, an email or a phone call.
Find out
more.
We are serious about journalism.
Yearly - (Save $179 compared to monthly)
$349.00
Monthly
$44.00
All subscriptions auto renew but are easy to cancel.
Not convinced yet?
Subscribe to our free 7am Headlines newsletter.
A quick summary of everything BusinessDesk has published in the previous 24 hours. No BusinessDesk
subscription needed.