Contact Energy has offered proponents of a riverside park
near Luggate five more weeks to find the money to buy land
for their conservation project.
In a group email to the park's supporters yesterday, Red
Bridge River Park Trust trustee Lewis Verduyn-Cassels said
Contact had extended the trust's fundraising deadline until
Contact had already postponed the sale of the 0.4ha property
next to the Clutha River by 60 days to give Mr
Verduyn-Cassels time to form a trust and raise more funds.
The original deadline for the trust to meet Contact's
$300,000 sale price was the end of today.
The figure was a counteroffer by Contact, which had rejected
Mr Verduyn-Cassels' earlier offer of $190,000 plus GST for
Contact's trading, development and geothermal resources
project manager Neil Gillespie confirmed the latest extension
to the Otago Daily Times.
He said it had not been requested by the trust, but Contact
recognised the trust needed more time to raise the required