'Weaponising rates': Debate over plans to spur on vacant Christchurch landowner
From reporter Steven Walton:
Is it an illegal policy, or the perfect deterrent to land-bankers?
That was the clash of perspectives in the Christchurch City Council chamber on Wednesday, as developers and residents presented to councillors about its controversial proposal to significantly hike the rates of vacant central city land.
Prominent developers, including Richard Peebles, Philip Carter, Dean Marshall, and Ernest Duval, told city councillors on Wednesday they were going after the vacant land problem the wrong way. Carter claimed the proposal was illegal.
But, a central city neighbourhood association says the plan will stop land-bankers.
What is the proposal?
- From mid-2022, the council wants to more than double the differential on the “general” component of the rates bill for central city vacant landowners.
- If a site has consented use happening on it, for example a consented temporary car park, it would not be pinged.
- Only sites in the Central City Business Zone or the Central City Mixed Use (South Frame) Zone are part of the proposed hike.
- Sites that are “improved and maintained” in line with the council’s vacant sites improvement guide could apply for a rates remission. - Whether a site is complying will be decided by the council.
Read more here.
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Poll: Are our Kiwi summer holidays helping us recharge, or holding the economy back? ☀️🥝
There’s growing debate about whether New Zealand’s extended Christmas break (and the slowdown that comes with it) affects productivity.
Tracy Watkins has weighed in ... now it’s your turn. What’s your take? 🤔
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71.9% We work hard, we deserve a break!
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16.3% Hmm, maybe?
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11.7% Yes!
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