Asset sales shouldn't fund rebuild

The Christchurch Central Recovery Plan should not be funded by selling revenue generating council assets, say Labour’s Christchurch MPs.

“Each one of us was swept along with the tide of enthusiasm in the release of the CBD blueprint,” says Earthquake Recovery spokesperson Lianne Dalziel.

“To find out that the pressure is now on the city council to sell its revenue-generating assets to fund the Government’s plans is a step too far.

“The council has held onto the city’s strategic assets for years and it has kept our rates in check.

“The people of Christchurch cannot be asked to fund these projects by giving up the assets that earn an income for the city.”