Crown settles with last Quake Outcasts over second 'red zone' offer

Tue, 05 Sep 2017

By Paul McBeth Sept. 5 (BusinessDesk) - The government has reached a deal with the remaining uninsured or uninsurable Christchurch property owners in the city's 'red zone' after the Court of Appeal deemed the second offer to be "unlawful". Minister supporting Greater Christchurch Regeneration Nicky Wagner today said Cabinet has agreed to pay the 16 litigants 80 percent of the pre-quake rateable value of uninsured property developments plus a one-off payment to account for the court's judgment and cover off the "extra uncertainties and co...

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