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  • I think this is a Labour Government fail

    From Gordon@21:1/5 to All on Sat Dec 2 21:01:56 2023
    https://www.stuff.co.nz/business/301016530/how-a-developer-held-the-government-to-ransom-for-a-378-million-bailout

    So the $37.8m was paid instead of enforcing a contract and have ""reputational damages" the debacle could cause to the KiwiBuild programme."

    Quote

    Looking to the future, KO intends to seek approval from ministers for a “scheme of development” of at least 171 dwellings on the land it has purchased in the deal. It will be a decision for the new government.

    Unquote

    National finishing Labour's mess.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Rich80105@21:1/5 to Gordon on Sun Dec 3 10:37:20 2023
    On 2 Dec 2023 21:01:56 GMT, Gordon <Gordon@leaf.net.nz> wrote:

    https://www.stuff.co.nz/business/301016530/how-a-developer-held-the-government-to-ransom-for-a-378-million-bailout

    So the $37.8m was paid instead of enforcing a contract and have ""reputational >damages" the debacle could cause to the KiwiBuild programme."

    Quote

    Looking to the future, KO intends to seek approval from ministers for a >“scheme of development” of at least 171 dwellings on the land it has >purchased in the deal. It will be a decision for the new government.

    Unquote

    National finishing Labour's mess.
    It appears to be a casualty of Covid, but it should have been built
    directly by government anyway, not through a private company with it
    appears limited cash reserves, but good legal advice.

    It is similar in some ways to the debacle of Charter Schools which
    Labour inherited - the government had provided money for charter
    schools to buy land and have buildings erected, but when the schools
    folded these assets did not belong to the government. Will the new
    government make the same mistakes again?

    A better response would be for government to have some building
    capacity - as is often said the Ministry of Works should be brought
    back for a range of problems . . .

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tony@21:1/5 to Rich80105@hotmail.com on Sat Dec 2 21:53:23 2023
    Rich80105 <Rich80105@hotmail.com> wrote:
    On 2 Dec 2023 21:01:56 GMT, Gordon <Gordon@leaf.net.nz> wrote:

    https://www.stuff.co.nz/business/301016530/how-a-developer-held-the-government-to-ransom-for-a-378-million-bailout

    So the $37.8m was paid instead of enforcing a contract and have >>""reputational
    damages" the debacle could cause to the KiwiBuild programme."

    Quote

    Looking to the future, KO intends to seek approval from ministers for a >>“scheme of development” of at least 171 dwellings on the land it has >>purchased in the deal. It will be a decision for the new government.

    Unquote

    National finishing Labour's mess.
    It appears to be a casualty of Covid
    Great joke Rich, the best you have ever produced here I think.
    , but it should have been built
    directly by government anyway
    Yep by Ardern and Hipkins wielding the spades and tools - being put to real use.
    , not through a private company with it
    appears limited cash reserves, but good legal advice.

    It is similar in some ways to the debacle of Charter Schools which
    Labour inherited - the government had provided money for charter
    schools to buy land and have buildings erected, but when the schools
    folded these assets did not belong to the government. Will the new
    government make the same mistakes again?

    A better response would be for government to have some building
    capacity - as is often said the Ministry of Works should be brought
    back for a range of problems . . .
    Often said by left wing bigots and never by smart people.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)