Council fights to protect Taupo from subsidence
Sunday 15 February 2004
Taupo district councillors, council officers and international experts are heading to Hamilton to seek tougher rules to protect Taupo from subsidence caused by geothermal extraction.
By The LandlordThe Taupo District Council will present its case over seven days at an Environment Waikato public hearing of submissions to its proposed Regional Plan and Regional Policy Statement.
Council legal officer Chris Gilbert says the plans are extremely important because they set the future regulatory framework for management of geothermal extraction.
He says the district council will present some compelling scientific evidence to support its call for the rules to be tightened to protect Taupo township from the adverse effects of geothermal extraction.
Read More - Opens in a new window
Commenting is closed
There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.