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24 Jun 2021 18:25
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  •   Home > News > Business

    Invercargill's new CBD development is forging ahead - despite costing more than expected

    Invercargill's new CBD development is forging ahead - despite costing more than expected


    The council will contribute 40.5 million dollars towards the new city block - with a further 10 million dollars coming from the Government.

    Changes in lending rules as a result of COVID-19 means it will also have to cover the shortfall for the 46 million dollar project.

    Chief Executive Clare Hadley says the council weighed up the extra spending - with the fact the project will offer employment opportunities - as part of its decision.

    © 2021 Newstalk ZB, NZCity

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