SUPREME NEWSPAPER OF THE YEAR National Award Winner
A Star Media
Event
Star Media
Thursday, December 21, 2017
S un day 18 M
The best read and largest circulating newspaper in Christchurch
arch 2018
city2 surf.co
.nz
High cost barrier in council’s bid to repopulate central city By Bridget Rutherford THE HIGH cost of developing and buying in the central city have again been identified as stumbling blocks to repopulating the area. City councillors yesterday voted to begin a new programme of work aimed at accelerating central city residential development. The city council and Government want 20,000 people living in between the four avenues by 2020. But progress has been slow. Last month The Star revealed a study found people were more likely to buy in the outer suburbs because properties were cheaper, larger and more private. City councillors discussed the issue yesterday, after the Development Forum met with those in the industry to see what was holding central city residential development back. Forum chairman and city councillor Jamie Gough said it was expensive. “We’re all aware that the land value in the central city has been propped up artificially and that’s discouraging because the developers are obviously going to go where it’s financially attractive.” •Turn to page 11
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