NZ Urban Development news from the media | 3 June 2020 | Auckland Council Emergency Budget

Auckland Council Emergency Budget

Auckland Council agreed to adopt the Consultation Document for its Emergency Budget 2020/2021, with public feedback open from mid-day 29 May until 19 June 2020.

The Emergency Budget responds to the impact of the COVID-19 crisis on Auckland Council’s finances. It estimates a huge drop in revenue in the coming financial year, with operating cash income across the council group projected to be around $525 million less than previously budgeted.

This fall in revenue results from reduced dividends; a sharp fall in revenue from venues, pools, and facilities, public transport fares and parking; and reduced income from development contributions and council regulatory fees.

https://ourauckland.aucklandcouncil.govt.nz/articles/news/2020/05/auckland-council-invites-feedback-on-covid-19-emergency-budget/

Commercial Bay announces new opening date

Commercial Bay, the $700 million shopping centre in downtown Auckland, will open on June 11 after an 8 month delay.

The centre was scheduled to open on March 28, just days after New Zealand moved into the level 4 lockdown.

The Precinct Properties development includes a 39,000 square-metre office tower and 18,000sqm of retail space.

https://www.stuff.co.nz/business/121640518/commercial-bay-announces-new-opening-date-after-coronavirus-delay

A massive first weekend for Nido, New Zealand's newest homewares retailer

Customers visiting New Zealand's newest big-box retailer, Nido, faced 200 metre queues during its opening weekend.

The 27,000 square metre store opened its first floor on May 30, after 18 months of construction.

Chief executive Vinod Kumar said sales in the first weekend far exceeded his expectations, with shoppers waiting for up to an hour to get into the store.

https://www.stuff.co.nz/business/121703537/a-massive-first-weekend-for-nido-new-zealands-newest-homewares-retailer

The Government Housing Programme Dashboard

The Government housing programme dashboard is published by the Ministry of Housing and Urban Development, using publicly available information from various government agencies and partners. The April 2020 dashboard shows the latest facts on housing progress across the housing system.

https://www.hud.govt.nz/assets/News-and-Resources/Statistics-and-Research/Housing-Dashboard-2020/Housing-dashboard-April-2020.pdf