Not a precedent: Auckland's $2b flood deal

Auckland councillors have voted to endorse a $2 billion cost-sharing agreement with the government for storm recovery and resilience work.The fatal Auckland anniversary weekend flooding earlier this year caused widespread property damage and destroyed critical infrastructure.Under the deal agreed to by councillors, the crown will pay $1.076b of the total cost, including $380 million for "making space for water" projects, 79% of the $390m in transport recovery funding, and 50% or $387m, of the cost of buying out category 3-tagged homes...