Christchurch property developers under pressure
Audio, Radio New Zealand
Two years ago today a seven-point-one magnitude earthquake shook Canterbury.
Two years ago today a seven-point-one magnitude earthquake shook Canterbury.
A geotechnical expert from the United States has told the Royal Commission into the Canterbury Earthquakes, developers should be required to submit soil reports before building on land prone to liquefaction.
A property developer says he rejected an approach from a company who went on to build a substandard multistorey building in Christchurch's central mall. The building at 230 High Street is in limbo, having finally been ruled substandard with numerous design weaknesses that are an earthquake risk. Phil Pennington reports.
A prominent Christchurch property investor says the Government's anchor projects meant to help rebuild the city faster, has instead slowed it down. After the 2011 earthquake, the Government launched a recovery plan for the CBD, which had 16 anchor projects designed to spur on the rebuild. However, many have been plagued by delays and are still unfinished. Property investor Antony Gough told RNZ reporter Anan Zaki that unlike the Government, it was the private sector which ploughed ahead with the rebuild.
Cathederal Square has remained largely untouched by developers since the 2011 earthquake. That is about to change, with work beginning on a series of hotels.
A local developer is looking to reshape Ashburton's triangle, the historic retail centre of the town. Robert Grice owns a number of buildings on Victoria Street that require earthquake strengthening and he wants to redevelop the existing shops into a new mixed use hospitality precinct named The Ash. Jonathan also discusses an attempt to add quarter of a million dollars to ECan's annual plan budget which has been labelled a "slap in the face" by Environment Canterbury councillor Ian Mackenzie. And a hold-up of plumbing parts and red tape at the border means the Staveley Ice Rink won't be open to skaters and curlers until at least mid-June. Local Democracy Reporter - Mid Canterbury c from the Ashburton Guardian