Rebuild buy-ups at 1 per cent
The Government has reached agreements with owners on fewer than 5 per cent of properties needed for the redesign of central Christchurch and bought just 1 per cent, but believes it is making progress.
Canterbury Earthquake Recovery Minister Gerry Brownlee released figures yesterday showing negotiations were under way to buy 177 of the 847 sites needed for the green frame and anchor projects.
As well, one site has been bought, two sales agreements completed, 16 sale and purchase documents signed by owners and agreement in principal reached with 19 parties.
"Negotiations are under way on 177 other properties, some of them well advanced, so altogether the CCDU [Christchurch Central Development Unit] has made progress on 215 CBD sites, starting with those of highest priority."
When the blueprint for the redesigned city was released last July, the Government indicated it would begin compulsory acquisitions of sites early this year where deals were not done.
Brownlee's update revealed that clearing land for the convention centre precinct would take until the end of the year, and demolition to make way for the metro sports facility would begin this year, paving the way for construction next year.
The final draft of the city transport plan will be approved after public consultation ends on February 1, and construction of the anchor projects should be finished in five years.
- The Press
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