$3 million makeover for Lorne St precinct
Friday 20 February 2004
Chances are if you're a street in Auckland's central business district, it's only a matter of time before you get a multi-million dollar overhaul.
By The LandlordFollowing on from recent announcements that Queen St will receive a $25 million facelift and Quay St a $5m upgrade, Auckland's ratepayers are asked to comment about another significant streetscape investment.
The Auckland City Council plans to spend $3m on an upgrade of Lorne St and connecting public areas, including courtyards and walkways around the Auckland Art Gallery, over the next three years.
The council's recreation and events committee chairman, councillor Scott Milne, says the proposed Lorne St upgrade will create "an attractive, user-friendly public space".
Read More - Opens in a new window
Commenting is closed
New dwellings consents dropped in April. That didn’t surprise anyone but economists were surprised that the drop wasn’t bigger.
Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.
The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.
Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.