Lianne Dalziel, Christchurch Mayor, has appealed to John Key, Prime Minister and Tourism Minister to step in to avoid emabarrasment of lack of funds for the new Convention Centre here in Christchurch.
Dalziel said a “bigger conversation” with Government was needed to get other faltering projects back on track.
The Christchurch City Council-owned Canterbury Development Corporation (CDC) estimates the Government will receive $11 billion of taxes through the rebuild. The Government disagrees, putting the figure closer to $3b.
Treasury forecasts are much lower in estimates as it excludes GST claiming that it could be claimed back from building firms.
Cr Raf Manji said the CDC report showed that Government spending in Christchurch was not “all one way traffic”.
“I think in the long run the Crown will come out on top fiscally, and we’ll be the ones left with the debt.”
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