A government grant for a spa pool on Rotorua’s lakefront is being described as corporate welfare of the worst kind.
Prime Minister John Key announced the $350,000 grant on Wednesday, saying it would help meet the cost of the World Spa complex.
The money is coming from the tourism growth fund.
Spending watchdog the Taxpayers’ Union says the grant will be given to Pukeroa Lakefront Holdings, a commercial arm of Ngati Whakaue.
“This is taxpayer money going to build a spa in Rotorua,” said executive director Jordan Williams.
“That’s not innovation, it’s corporate welfare of the worst kind.”
Free money. The government has a little $8m slush fund that companies in Tourism can apply to have their share of. Here are the list of project that have succeeded in getting no-strings-attached free taxpayers’ money to boost their bottom lines: Read more »