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Christchurch crisis meeting comes up with conditional sale options

Christchurch City councillors have agreed to sweeping reforms to find a $1.2 billion funding shortfall.

Chris Hutching for NBR NZ Property Investor
Mon, 08 Dec 2014

Christchurch City councillors have agreed to sweeping reforms to fund a $1.2 billion funding shortfall.

The aim is to avoid massive rates hikes that would prompt further flight from the city to outerlying districts or elsewhere. 

It will revamp the structure of the city’s financial arm,

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Chris Hutching for NBR NZ Property Investor
Mon, 08 Dec 2014
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Christchurch crisis meeting comes up with conditional sale options
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