Christchurch council's $14m developer discount

Christchurch council's $14m developer discount
On Wednesday, the council adopted a new development contributions policy which included significantly lower costs for inner city developers. (Image: Deposit Photos)
Oliver Lewis
The Christchurch City Council (CCC) has discounted developers $14 million to encourage new housing in the central city.The central city residential rebate scheme was launched in 2014 to encourage post-earthquake development. Under the scheme, developers building residential units in the inner city have had 100% of their development contributions waived.Figures released to BusinessDesk show the council provided $14.6m in rebates on 1,304 units between 2014/15 and 2020/21. Developers have strongly supported the scheme, according to previous revie...

More Property

Triple Connection faces liquidation
Property

Triple Connection faces liquidation

The debt collector says the company "don't pay their bills".

Gregor Thompson 13 Dec 2024
Beachlands South development appeals settled
Property

Beachlands South development appeals settled

Appeals challenging the approval of a plan change for the Beachlands South development have been settled, paving the way for the multi-billion dollar project to proceed.“The success of negotiating a sensible outcome means that the development process can now move forward with the...

Staff reporters 11 Dec 2024
Winton 'stands to gain millions': MP
Property

Winton 'stands to gain millions': MP

The proposed fast-tracking of Sunfield is 'cronyism', local MP claims.

Maria Slade 11 Dec 2024
Olliver avoids bankruptcy – for now
Property

Olliver avoids bankruptcy – for now

A bid by BNZ to bankrupt the developer has been adjourned until February.

Maria Slade 10 Dec 2024