Marlborough Weekly 25 February 2020

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Tuesday 25 February 2020

Classic cars

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Page 12 - 13

Rowers rack up medals

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No more land Matt Brown Reporter

matt@marlboroughmedia.co.nz

Marlborough council’s property cash cow is coming to an end as bosses sell the last of its residential development land. For almost two decades, land on Boulevard Park on Taylor has netted hundreds of millions of dollars for council coffers. But the last 40 parcels of land suitable for homes is now up for sale. Property and community facilities manager Jamie Lyall says it’s the end of residential development for council. “It’s a revenue stream coming to an end,” Jamie says. But the end of an era won’t adversely influence the region’s rates, he says. Managed by council’s commercial arm, MDC Holdings, the profits made from selling the properties have gone into a fund. Jamie says money from the fund

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James Dight has been chosen as part of the Kiwi Allstars Team heading to Broadway. Read more on page 6. Photo: Supplied.

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Marlborough Weekly 25 February 2020 by Top South Media - Issuu