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Invercargill city councillors will today decide whether to invest an additional $16 million in the City Block Development.
In this afternoon’s Invercargill City Council meeting, councillors will deliberate on findings from public submissions made on the Extra Money for City Block consultation, undertaken from May 19 to June 12, 2020.
The consultation sought community input on whether or not the ICC should invest extra in the City Block, resulting in a total $46 million investment.
The total would incorporate the $20 million initial investment and $5 million contingency, as well as an additional $5 million originally allowed for design changes, and an extra $16million investment.
Two further options were proposed in the document: to not invest additional funding keeping the council spending at $25 million or to repurpose $5 million earmarked for design changes as a contribution of additional investment to make council’s contribution a total of $30 million.
During the consultation period, 462 submissions were received, with 60% of submitters preferring council to spend the $46 million.
However, before making their minds up today, councillors will hear from Mr Gaire Thompson, a commercial property owner based in Nelson. Due to technological error, Mr Thompson did not make his submission on the day of the hearing.