Some articles are starting to appear regarding the growing scrap for land in the CBD as it starts to heat up. Interesting that those in the CBD get to negotiate their own prices while those of us in the frame are being forced to take so called “market value”.
One issue is quite clear, Large land Owners/Property Investors can afford to take the lower prices being offered in the frame as they will more than recoup their money in the CBD.
An interesting summary below by the three Labour MP’s for Christchurch.
Ms Dalziel commented: Labour did manage to negotiate one day of submissions on the Cera legislation in Christchurch. At the time, Dalziel wrote on Labour’s blog that Cera was created under the State Services Act as a government department. The bill debated in the House did not create Cera but gave it powers. She wrote that the flaw lay in the structure, specifically “allowing a politician to lead the recovery which politicises all critical analysis of what is decided”.
Dalziel believes the legislation needs to change. Specifically, the rules around compulsory acquisition for half the rating valuation.
“I believe it was placed there to put pressure on central city landowners who would be holding up a major agreed development. In fact, it’s being used in the residential red zone, it’s being used as a threat for the people in the frame. You talk to a small landowner in the centre of town, not that far from here, who’s in the frame, who knows that the price per metre has been set by a major developer accepting half the rating valuation because all of their real properties are in the centre of town and the value of that land is going up. They can afford to take the loss on the building that they have in the frame.”
She asked Key if he thought it was fair. He told her it was.
“He thinks it’s perfectly fair because the alternative is compulsory acquisition at market value at the time that they purchased it. It’s like a gun at the head.
“I’m thinking that we should put up a private member’s bill to amend the act. The Act Party doesn’t agree with the compulsory acquisitions of private property and I can’t imagine the Maori Party feel very good about it either. I think that there’s potential to gain a majority in Parliament for a change in the law. That has to be negotiated in a way that the original legislation never was. We were caught between a rock and a hard place.”
It is nice to see our thoughts being mirrored by those in parliament.
Ms Dalziels comment about a forgettable year resonates with me.
On a lighter note I must say that Gerry Brownlee’s comments about :”carpers and moaners” and “buggerising around on face book” has been a highlight of the year. It’s interesting that his typical reaction to criticism is to immediately attack and ridicule people. Not a very successful management style in my view. It is not professional and one would expect better from someone in his position.
Here’s to a better year! Play on facebook as much as you like!