Residents walk along River Road past large cracks where the road has slumped towards the river. The photographer comments, "Lateral spreading cracks in River Rd; the land left of the crack moved towards the river. The Banks Ave/Dallington Tce end of our block is impassable".
Damage to River Road in Richmond. The road surface is badly cracked and slumped, and liquefaction silt covers part of the road. Two people in gumboots walk towards a barrier erected across the road using road cones and warning tape, and in the background the badly twisted Medway Street bridge can be seen. The photographer comments, "Longitudinal cracks indicate lateral movement as the land sagged towards the river. Near 373 River Rd, looking south-east towards Medway St. The Medway St bridge is visible in the background".
After the Christchurch earthquakes, the government declared about 8000 houses as Red Zoned, prohibiting further developments in these properties, and offering the owners to buy them out. The government provided two options for owners: the first was full payment for both land and dwelling at the 2007 property evaluation, the second was payment for land, and the rest to be paid by the owner’s insurance. Most people chose the second option. Using data from LINZ combined with data from StatNZ, this project empirically investigates what led people to choose this second option, and what were the implications of these choices for the owners’ wealth and income.