Million-dollar dumps: The Auckland car park worth $82.5 million
Downtown Auckland is going through huge transformation with its various streetscape and transport projects. But in stark contrast, several plots of land worth hundreds of millions of dollars have sat as car parks since buildings were knocked down in the 1980s.
The Elliott St car park sits on a 4417 square metre plot of land, valued at $82.5 million.
The land has sat undeveloped as a car park - where an hour will cost you $19 - since the Royal International Hotel was demolished in 1987.
It was purchased by Singapore company NDG Asia Pacific (NZ) Limited for $53m in 2012, and in 2017 the company was given approval by the Overseas Investment Office to build and operate a 52-storey, five- star Ritz-Carlton Hotel, with 300 guest rooms, four floors for hotel facilities, six for retail and five for car parking.
The development is expected to cost $350m, with the start of construction dependent on the completion of City Rail Link. However, the resource consent for the tower is due to expire in October.
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Poll: Could we live without public bins?
Many public rubbish bins are being removed by councils due to the large costs of regularly emptying them. Do you think we can adapt and live without them?
Type 'Not For Print' if you wish your comments to be excluded from the We Say You Say column of your local paper.
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12% Yes
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87.4% No
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0.5% Other - I'll share below
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DEVONPORT SWAP SHOP - 5th MAY - Good Quality Adult's Clothing
Back by popular demand! Come join in the fun, swap your tokens for new-to-you quality clothing at the House! Family-friendly event, there will be kids activities on site. Token collection (and swap clothing drop-off) weekdays 9am-2:30pm
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