Council draws flak over planned levy hike

Wednesday 16 June 2004

The Tasman District Council has been lambasted over its plan to lift property development levies, with one developer saying it will block a proposed multi-million dollar retirement village in Richmond.

By The Landlord

Tom Nimmo said under the new system, levies for the planned Stillwater Gardens Retirement Village would amount to more than $600,000, and simply make the development uneconomic.

"If this contribution level is insisted upon by the Tasman District Council, this development will not proceed," he said in a written submission to a council hearing on Monday.

"Neither will any further developments like this take place in the Tasman district," he said.

The council has included the new development impact levies in its draft long-term council community plan, and they are intended to more accurately reflect the cost of developing infrastructure such as water and stormwater services and roads.

Read More - Opens in a new window
Commenting is closed

Property News

Weak sales, resilient prices

Auckland’s housing market saw another slump in sales volumes in May but prices are holding steady, according to the city’s largest real estate agency.

House Prices

House price drops are short-lived - Alexander

Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.


Bank LVR limits on hold

Banks have not relaxed loan-to-value ratio limits for investors, despite the Reserve Bank's move to scrap LVR rules.

Site by PHP Developer