Auckland Council to up asset sale target to $244m

Auckland Council is targeting $244 million from its asset sale programme and is also considering selling development ‘airspace’ at nine of the city’s park and ride facilities to help dig its way out of a $450 million covid-related income hole. Finance and performance committee councillors are this week expected to sign off on what looks like a $220 million increase in asset sales for the current financial year, from $24 million of sales outlined in the council's 10-year budget. A total of 79 ratepayer-owned properties, valued at $136 mill...