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
Covid be damned – the market is booming
Those who were anticipating a Covid-prompted housing market collapse got it wrong with the latest REINZ data revealing strong growth in prices and sales.
House Prices
High demand keeps pushing prices up
Treasury might be expecting house prices to fall - but market data suggests otherwise, with Trade Me Property’s August data the latest to show rising prices and high demand.
Mortgages
Borrowing boom in July – before second lockdown
Home lending soared to $6.5 billion in July during New Zealand's Covid-free period, reaching its highest level since November last year.
