Showing posts with label Wellington city crisis. Show all posts
Showing posts with label Wellington city crisis. Show all posts
Tuesday, November 12, 2024
Professor Robert MacCulloch: Wellington City and Sir Bob Jones.....
Labels: Professor Robert MacCulloch, Sir Bob Jones, Wellington city crisisA $10 billion welfare bailout to keep Sir Bob Jones afloat & save NZ's only shrinking City, Wellington, by the rest of us, is unacceptable.
Add up the cost of the two new proposed tunnels in Wellington, fixing its water supplies, fixing Wellington's port and ferry facilities, building endless lightly-used bicycle pathways, reinforcing Wellington's buildings that can never be reinforced sufficiently to deal with the kind of earthquake that can easily be generated by the fault-line they sit right on top of, building an "international convention center" that will never hold much in the way of international conventions since Wellington doesn't have a proper international airport, and you get a figure of way over $10 billion. Is it being funded by Wellington rate payers? You must be kidding - their Council's debt is exploding, and the Transport Minister is already saying his new tunnels will be paid for out of general taxation. Wellington will probably be bailed in a few years, just like defaulting Detroit, another failing city, this time in the US.
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