Mayor & Councillors,
Here we go again. Suddenly the tired old assets sale rabbit is once again pulled out of the increasingly battered hat, in an attempt to bedazzle and bamboozle us.
Let’s start with some questions.
1/ Who commissioned this “independent review” from Northington Partners?
2/ When was it commissioned? Before or after the October local body elections?
3/ How much did it cost?
We’ve been here before, a decade ago, with a report by “experts” saying that asset sales were the only solution to the cost of Christchurch’s earthquake rebuild. That City Council tested the waters with the proposed sale of Citycare, and the people of Christchurch said “no way”. Money was found and the rebuild was completed without the need to sell any of our assets. Citycare wasn’t sold and asset sales dropped off the agenda.
Until now – just after an election in which none of you campaigned in favour of asset sales. Whose hidden agenda is this one?
The arguments against asset sales are the same now as a decade ago – once they’re gone, they’re gone.
Talk of turning the “family silver” into “gold” is true, insofar as someone else will own our assets and be reaping the gold. They’re valuable and profitable – why would you sell them, for short term, one-off gain?
One reason might be to raise the extra hundreds of millions of dollars you blithely voted to pour into the white elephant stadium. There’s item number one for a “line by line” cost-cutting examination.
The people of Christchurch successfully fought you the last time you tried to sell our assets. We will do so again.
Your sincerely,
Murray
-- Murray Horton Convenor Keep Our Assets-Canterbury
It’s simple really, sell the unfinished stadium. Because it was never just socialising the costs of unprofitable sport, right?
But yeah, an investment bank suggesting a council part sell assets is like a fox renting a room at the hen house – I hope Christchurch didn’t pay for this “review”.
The airport group have $80 million tied up in a new Tarras airport idea .We could release that money by selling the land.
The mayor has also pointed out that it would be wise to sell and invest in other areas of thecountry in case of another earthquake. There is lots of land they could sell for development. Without a rise in super a rate rise of more than 6 percent would be a hard hit for pensioners and those onmabenfit
talk about getting the answer you paid probably a vast amount of money for.
and when you look at bankers track record they know fuck all about fuck all, except fleecing the public.