The insanity of CERA/CCDU continues. Westende House, a brand new, tenanted building in Manchester Street (130% of the New Building code) to be demolished for a wider roadway. Another CERA/CCDU “flip-flop”. You can not trust what they say. And expect them to renege on their word. Not much more you can say about them is there. Their actions speak for themselves.
Interestingly, this building was seen as “a symbol of the recovery” and used as such by CERA. Whoops! Got that spin wrong. Again.
Scary stuff really. Does not encourage one to repair, rebuild or act in a positive manner.
I notice that this morning another key investor has taken his funds elsewhere. Some one needs to explain to CERA/CCDU what “capital flight” means. Sigh! why did we stay? I must inform my family that if we ever have another big one, they should leave immediately.
Link Here: http://www.stuff.co.nz/the-press/business/8492985/Key-city-investor-pulls-out
They just don’t get it do they. A notable lack of experience I am afraid and an unwillingness to bring in the skills that we need.
Its a beautiful day, the sun is shining, the best one can do is ignore them and hope that sooner or later they will go away.