Extra Carisbrook Information

In response to a query to the Dunedin City Council regarding the future of Carisbrook, Tami Beckingsale replied with this information:

Loans
The amount of the loans outstanding is $5million. The rentals from the houses covers about $1m of the $5m. After the ORFU leaves there will be no revenue to cover $4m.

Demolition
Doug Hall advised two years ago that he believed that he could demolish all except the Terrace Hospitality complex for net zero. That is, the costs of demolition would be offset by the sale of demolition material. If markets and costs have changed that may no longer be the case. As one of the leading demolition experts, Mr Hall can be contacted for an up to date view.