Weekend Sun 19 July 'Hotel project developments”. Tainui Group Holdings are again looking at building a new hotel on the Durham St site in association with the Accor hotel group and TCC.
I strongly advise TCC to keep right out of this deal, for if it goes belly up, as a number of Tainui projects already have, TCC ( ratepayers) will be left holding the baby.
Do we really need another large hotel and conference centre when already the large hotels in the city very rarely appear to experience full occupancy. This is a very big risk for TCC to take with, once again, money that does not really belong to them.
On top of that TCC is already over $400 million in debt so why take a further risk and make this debt much larger.Perhaps the new council in October will have different ideas.

Roger Bailey, Papamoa.