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15 Apr 2024 7:56
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  •   Home > News > Business

    Despite a last-effort push to cancel Wellington's controversial cinema plan -- the deal will still go ahead

    Despite a last-effort push to cancel Wellington's controversial cinema plan -- the deal will still go ahead


    Wellington City Council has today voted to continue on with its Reading Cinema bail out.

    The council plans to buy the land under the site for 32 million dollars, to be fixed up, quake strengthened, and sold back to the cinema company.

    Nine councillors supported the deal, and seven opposed it.

    Councillor Iona Pannett calls the plan 'corporate welfare.'

    She says they're essentially being asked to sell the family silver to deal with the company's failure - adding there's nothing sacred about that particular cinema.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Christchurch:
    One person has serious injuries following a crash in Canterbury this morning 7:47

    Business:
    The cruise ship season is almost over -- with the last ship into Wellington due in port today 7:37

    Motorsports:
    Nick Cassidy has finished third in the latest Formula E race out of Italy 7:27

    International:
    As Israel and Iran talk of possible further action, the US reportedly rules out any involvement in an offensive targeting Iran 7:17

    Law and Order:
    An unlicensed driver is expected to take years to pay off reparations, after fatally striking and running over a motorcyclist, and fleeing the scene 7:17

    Auckland:
    Two motorcyclists have died after separate crashes yesterday afternoon 6:37

    Motoring:
    Franklin have charged to the top of the NBL basketball ladder after a 101-83 win over Manawatu in Pukekohe 4:57

    Golf:
    Tiger Woods will get set for his 100th round at Augusta overnight, hoping it's somewhat better than his dismal 99th 21:57

    International:
    Israel shoots down most of Iran's drones but some strike IDF targets — as it happened 19:37

    Politics:
    A police coffee meeting is being planned in Newmarket on Wednesday to discuss community safety concerns 18:57


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