The Labour and Green parties have vehemently been anti-asset sales for decades. The Christchurch mayor was a Labour MP against asset sales only a few years ago.
The Greens believe Christchurch’s assets are going to be sold, although the city council insists no decisions have been made.
It’s been discussing selling assets to help pay for the rebuild, and a consultation document has been released which proposes raising $750 million.
The council yesterday announced it had appointed financial consultants Cameron Partners to provide commercial advice on asset sales.
“The council is approaching the option with an open mind and will not make a decision until it has completed consultation on the plan,” Mayor Lianne Dalziel said.
“Asset sales are only on the table because we face an estimated $1.2 billion shortfall in funding, the proposal is to sell shares to strategic partners that have the community’s long-term interests at heart.”
The council owns assets including Lyttelton Port Company, Orion and Christchurch International Airport.
The Green Party’s Christchurch spokeswoman, Eugenie Sage, thinks it’s a done deal.
“Why on earth would Christchurch City spend money for financial advice on asset sales that may not even happen?” she said. Read more »