Auckland Council should leave property development & running businesses to people who know what they are doing
Auckland Council’s daft plan to build movie studios at Hobsonville has been given a bit of life by Councillors at a time when they should realise ratepayers are not in the mood for frivolous spending.
Nobody in Council has learned a thing from the Long Term Plan saga of a few weeks ago. It was very clear then that any more stupid expenditure was going to be a problem.
But what worries me more is that ACPL are suggesting they can make $36m profit from developing the land.
Because ACPL is the landing spot for many of the most tits useless people in the property industry.
I really would like to see an open peer review of ACPL’s proposal and forecast costs. My gut instinct is that it will be laughable and that it will be destined for imminent failure.
A council body has four months to produce a viable film studio plan at Hobsonville Pt or the land will be used for housing.
The council’s economic development arm, Ateed, says 16 parties have shown an interest in a film precinct, which could create 435 jobs annually and attract film schools from AUT University and Unitec.
The opportunity of a dedicated precinct for Auckland’s film industry tempted the Auckland Development Committee yesterday to grant Ateed a four-month extension to come up with a firm proposal. Read more »