Mall on list as DCC eyes sales

Dunedin's Wall Street mall. Photo: ODT
Dunedin's Wall Street mall. Photo: ODT
The Dunedin City Council has released details of more than $90 million worth of property it owns, as it looks to raise $60 million for city investments.

Asset sales could cover part of spending outlined in the council's latest draft 10-year plan, and the list identifies properties that could be earmarked for sale.

The properties include the $30 million Wall Street Mall, three Dunedin parking buildings and some industrial land.

The list also includes properties in Christchurch, Wellington and Auckland.

No decisions have been made on which properties might be sold over the next 10 years.

 - Further details in tomorrow's ODT


Just watch the DCC will sell the Wall Street Mall if you call it a mall and then condemn it and make the new owners get it up to earthquake strengthening and the such like.

Are they going to ask the people who own these buildings,the ratepayer,if they can sell these buildings.

Very good point, but I doubt it because Cull and his gang don't care what those he works for care about.

Nothing like selling off ratepayer assets so they can spend large on short term sugar hits like bike tracks and reworking George St to block out more cars.
Nothing like short term thinking. I thought Mr Cull originally ran on a cost cutting platform? That has certainly gone out the window hasn't it.