I would like to table an interesting situation that I guess is really obvious, at least it seems so, during both the 2007 and 2010 Council elections a significant number of elected members stated that 'essentials before luxuries…” on what has been revealed in the last few months is certainly different to that. Can any of the current Councillors please confirm which one(s) if any of these are ‘essential'… Mt Greens $30 million, TISEC # $45+ million, Route K $58 million in dept, Museum# $20+ million?, Baypark $12 million, Mt Hot Pools # $7.5+ million, Art Gallery $8 million. (# to be completed)
Total initial amount spent and so dept for the above is $178.5 million, then add annual losses also. The creation of these monuments has created more Council staff wage bills, huge dept and huge interest to pay, huge annual losses and other costs every year.
Do any of them make a profit? I am having trouble seeing how these are 'essential?” So each Councillor who pledged 'essentials before luxuries” has failed to deliver on their election promises. The result of this is that Tauranga Council dept rating is now almost classified as Junk being 'A+”.
N Baybrook, Pyes Pa.


3 comments
LOSSES GALOR ...
Posted on 11-01-2011 17:01 | By The Master
The estimated annual losses (in millions annually( for these are: Mt greens $3.0, TISEC $5.8, Route K $1.8, Museum $3.9, Baypark $2.6, Mount Hot Pools (TCAL) $10.4, Art Gallery $2.0, total is $29.5 million a year and every year and meanwhile the debt keeps rising as not even the interest is being paid, just look at Route K, debt risen from $43 million in 2002 now $58 million.
Spot on assessment
Posted on 14-01-2011 14:32 | By Ratcatcher
Tinker with the figures as much as you like but you will still end up with the same dismal picture namely TCC ratepayers and the Tauranga community will pick up the losses indefinitely.No profit always losses is the TCC motto.
TCC Loss enhance strategy
Posted on 20-01-2011 16:20 | By TERMITE
Get another CCO, the loss will grow in ballon like fashion when the usual BOFFIN brigarde expell hot air at the normal full pace.
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