Tauranga Energy Consumer Trust is reminding consumers they have until July 15 to submit feedback on a $15 million funding proposal for a new tertiary campus in the city centre.
The $88.8 million campus, to be built on land gifted by the Tauranga City Council in Durham Street, is being developed by the Bay of Plenty Tertiary Education Partnership.
The site of the proposed tertiary campus on Durham Street.
This partnership is between four autonomous institutions – the Bay of Plenty Polytechnic, Waiariki Institute of Technology, Te Whare Wananga o Awanuiarangi and the University of Waikato.
The Bay of Plenty Regional Council has committed up to $15 million in funding from its Regional Infrastructure Fund for the new campus, subject to conditions, while the University of Waikato will front up $58.8 million.
Following the end of its consultation process with consumers TECT Trustees will take all responses into account prior to making its final decision to fund the remaining $15 million for the project.
It is predicated the new campus will bring $133 million in revenue to the region and create over 600 new jobs.
The new campus would also strengthen business cases for other projects like development of an international hotel and conference centre, plus student accommodation.
An estimated 6500 students would begin their studies in Tauranga from 2015 to 2035, resulting in over 4000 graduates.
The campus will have a focus on regional innovation and entrepreneurship and be recognised both nationally and internationally as a hub for teaching, learning and research.
The University of Waikato Management School has prepared a cost benefit analysis and estimates the city centre campus will be worth $187 million in 20 years.
Another report on the project has been completed by Price Waterhouse Cooper and will be made available by Tauranga Energy Consumer Trust.
TECT trustees have recommended funding of up to $15 million be made available to expand tertiary education in Tauranga subject to the TEP entering a funding agreement with TECT that's satisfactory to trustees.
TECT trustees are seeking consumer responses to this proposal.
Consumers can find out more about the proposed funding and make submissions on TECT's website: www.tect.org.nz/submissions
Submissions close 12pm, Tuesday July 15, 2014
4 comments
Gifted!!!!!
Posted on 14-07-2014 13:41 | By Sambo Returns
why was it not SOLD, and TECT drop your base power costs so all your consumers get benefit, not just a few, and good on the Waikato Uni Management analysis on the $187 million, if their management skills are that good, fund it yourself,and keep the profits, as with most modern campuses it will be self contained, with food halls and bars, so where is it going to be a "cash cow" for the C.B.D, we will just get to clean up the mess as usual.
Wont Help the CBD
Posted on 14-07-2014 15:24 | By carpedeum
Thought that students were traditionally poor - dressed from op shops and ate instant noodles??? Hardly a plan for economic recovery for Tga CBD ??
Estimates!
Posted on 14-07-2014 16:32 | By Jitter
Who did these wonderful estimates on the number of students and the amount of revenue to the region ? Not Smartgrowth or Priority One I hope ! They both get everything wrong ! I agree with Sambo Returns, why give an $88 million dollar site when selling it could reduce TCC debt. Really bloody woolly thinking by TCC. They don't seem to give a stuff about the debt they are building up for ratepayers to pay back. Ridiculous.
Council
Posted on 14-07-2014 22:34 | By Capt_Kaveman
i smell a rat and its a very large one
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