New Zealand Council for Infrastructure Development

Boag snatch to fund Sky City blowout?

boag-grinch

There?s a new candidate for who is paying Michelle ?The Boagan? Boag and her offsider Cedric ?Senile? Allan for their campaign to snatch $2.1 billion in Vector shares from the people of Auckland and South Auckland to give to Lyin? Len Brown?s council.

Whaleoil still doesn?t quite believe it but it?s overloading the tipline so here goes: The theory is it?s SkyCity casino. Here?s why it could be true.

Since Friday SkyCity has been saying it needs another $130 million from the government to build its new National Convention Centre. Or else it?ll pull out of the deal. The government has to make the SkyCity deal work because all the rest of its convention centre plan is falling apart.

Steven Joyce seems to be saying he?ll open up some of his trough but not for the full $130 million and wants Auckland ratepayers to front up with the rest. ?

In a world first, everyone from Lyin? Len to Dick Quax have lined up and told Joyce to shove it. (The one exception is Cameron ?Mr Fiscal Responsibility? Brewer who sounds like he?s had too many nights in the SkyCity corporate box.) Read more »

Who is paying for the Boagan’s $2.1 BILLION snatch?

business woman with lots of money

Everyone smart is running a mile from Michelle ?The Boagan? Boag?s plan to snatch $2.1 billion in Vector shares from Aucklanders and South Aucklanders to give to Lyin? Len Brown for him to build his trainset.

But one question is still be to explored. Who is paying The Boagan, 60? And who is paying her offsider Cedric ?Senile? Allan, 102?

These people don?t do anything for free. The Boagan even got Doug Myers to pay her when she was running for National Party President.

The tipline is running hot with theories. Read more »

The Boagan signs up Brian “Opinion-for-Hire” Rudman

rudman

By now, regular readers will know all about Michelle ?The Boagan? Boag?s campaign to steal $2.1 billion from the Auckland Energy Consumer Trust to give to her new friend Lyin? Len Brown so he can build his trainset a bit earlier than planned.

But remember, this is The Boagan we?re dealing with here. Her campaign is going about as well as when she got caught videoing the Winebox Inquiry, or when she made Bill English leader of the National Party, or the Blackheart America?s Cup fiasco, or her ?help? in John Banks’ mayoral campaign ?

If The Boagan?s involved you don?t have to wait long for a fiasco.

And so it has happened again.

Of the original Ten Dwarfs, The Boagan recruited to her $2.1 billion snatch, it turns out some didn?t even know they were meant to be involved.

The original Ten Dwarfs were:

  1. Kim Campbell ? from the Employers? and Manufacturer?s Association
  2. Michael Barnett ? from the Auckland Regional Chamber of Commerce
  3. Tony Garnier ? from the Auckland Business Forum
  4. Stephen Selwood ? from the NZ Council for Infrastructure Development
  5. Barney Irvine ? from the Automobile Association
  6. David Aitken ? from the National Road Carriers Association
  7. Heather Shotter ? Committee for Auckland
  8. Cameron Pitchers ? from the Campaign for Better Transport
  9. Connall Townsend ? from the NZ Property Council
  10. Jeremy Sole ? NZ Contractors Federation

Whaleoil?s spy at the big meeting to plan The Boagan?s campaign say as soon as they got wind of what she planned, Barney Irvine, Connall Townsend, David Aitkin and Jeremy Sole decided not even to show up.

Tony Garnier did show up but made clear he was there only to listen and wasn?t signing up to anything. Stephen Selwood turned up and spoke strongly against The Boagan?s $2.1 billion snatch.

Now the tipline is running hot with news Michael Barnett of the Auckland Chamber of Commerce had his eye off the ball and didn?t really know how he was being used by The Boagan. His board is furious. They knew nothing about the snatch.

Even the Boagan?s old winebox mates at Russell McVeagh weren?t impressed either when they found out they were being asked to unleash the legal dogs of war against AECT. ?? Read more »

We don’t want your stinking apartments

Ever desperate to continue pitching for an intensified future Lawrence Yule and his buddies at Local Government NZ have organised a conference and found someone, anyone who will spout on about apartments.

The cost of properties with over-inflated price tags can be brought down with a rapid increase of high rise apartment blocks and granny flats, according to an expert speaking at a property seminar in Wellington tonight.

Local Government New Zealand president Lawrence Yule will lead a panel discussion on housing affordability with Finance Minister Bill English, Auckland Council Deputy Mayor Penny Hulse, economist Arthur Grimes and New Zealand Council for Infrastructure Development chairman John Rae.

Aha! Someone who will say that building apartments will make a difference to house prices and demand.

Normally Arthur Grimes is considered to be pretty smart and he has some good things to say.

But it appears he lacks understanding precisely how the mechanism of property and how the buying market works.

In fact – not many people do at all.

New apartments have to sell for between 8,000 and 10,000 per square metre of floor space in Auckland on average to allow a developer a margin. That can drop slightly in the CBD if car parks are discounted off the price by not building them. A 100 sqm apartment therefore would have a sales price around $1m.

New houses have to sell for $3,000-3,500 psqm. A $1m house will most often be a big 250-300 sqm house on land with yard and so on.

Apartments have terribly high ongoing costs distributed through body corporate fees. Houses don’t. ?? Read more »