Selling the right assets at the right time is good. Pruning the shopping list of vanities, fads and nice-to-haves is good too. I look forward to seeing the DCC's pruning plan.
Richard Healey
10 Dec 2019
John Evans Vandervis is the ONLY councillor who acts for his constituents, the ratepayers, the rest are either unemployable, green sycophants, or fellow travellers.
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Friday, 13 December 2019
Sale of council assets mooted
Asset sales will be back on the table when the Dunedin City Council considers how to pay for future projects not yet in its budget, councillors have been told.
Council chief executive Sue Bidrose said yesterday potential options such as the sale of council companies, investment properties or cashing in the Waipori Fund would be considered during budget discussions next year.
The comment came after Dr Bidrose floated the possibility again during this week’s full council meeting, as councillors voted to lift the ability of the council group to borrow from $850 million to almost $1 billion....
... The investment property portfolio, including a factory in Auckland and a Bunnings building in Wellington, was together worth $93.5 million. ... Dr Bidrose said other asset sales could also be considered again, including the future ownership of council companies and even the use of the council’s $92.7 million Waipori Fund.....
...Budget forecasts predict spending by the council and its companies on a variety of projects......... https://www.odt.co.nz/news/dunedin/dcc/sale-council-assets-mooted
Couldn't agree more with both Richard Healey and John Evans in response to The DCC's mooted notion to sell the 'family silver'. And not putting too fine a point on it, Calvin Oaten had been warning the D.C.C. about its level of debt AND the neglect of its infrastructure for years - a case of 'robbing Peter to Pay Paul' with the eye watering subvention payments. So now we are having to face up to this possible loss of assets. We all know why we have this debt don't we.
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