Polytech calls stakeholder meeting
Key stakeholders in Aoraki Polytechnic have been invited to a meeting tomorrow to discuss its future.
Polytechnic council chairman Kevin Cosgrove said about 40 people had been invited to the meeting.
"The plan is to reiterate what we are doing. There is no fixed plan for the polytechnic, we are just looking at our options."
A number of community representatives including the mayor and councillors and representatives from the South Canterbury District Health Board and Alpine Energy have been invited.
Financial challenges led the polytech to appoint independent adviser Malcolm Inglis to look at its options. He is to present a report to the polytech council next month.
Aoraki suffered a financial loss of $1.6 million last year and faces a projected loss of $2.1m this year, as well as forecasting 328 fewer equivalent fulltime students this year than budgeted for.
A report that was commissioned by the Timaru District Council and Aoraki Development Business and Tourism and released this week shows the polytech brought $47.4m into South Canterbury last year.
The Timaru Herald