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18 Apr 2024 7:04
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  •   Home > News > Politics

    Wellington's Mayor is celebrating a controversial multi-million dollar development deal

    Wellington's Mayor is celebrating a controversial multi-million dollar development deal


    Wellington City Council today agreed to continue with its plan to buy the land under the Reading Cinema complex for 32 million dollars.

    The complex will then be rented back to the company, with the funds used to pay for quake strengthening.

    Tory Whanau couldn't go into specific details around certain aspects of the plan.

    The Mayor says she's very happy with the level of detail she has - adding essentially they are using a loan to develop the central property.

    © 2024 Newstalk ZB, NZCity

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