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There has been a lot of positive feedback to the development of a University precinct with land freely given by Council and buildings funded by TECT. I understand that the University is asking for $55 million from TECT.
Last year TECT distributed $24.1 to the consumers and $5.75 to community organizations. If TECT were to give that money to the University it could only come from two places – the distributions and grants budget or from investment capital.
Why should the Tauranga community prepared to forgo their money for years to pay for something other cities get for free from the government?
Frances Denz, Past TECT Board Member.
