Christchurch's historic Odeon Theatre is destined for the wrecker’s ball – at the behest of the Canterbury Earthquake Recovery Authority.
The site is destined for new offices for Environment Canterbury.
The property is owned by a company associated with bankrupt Dave Henderson, who wants to return it to its former glory.
“I’m astounded at this extraordinary destruction of private property rights that’s going on without any debate,” he told NBR ONLINE.
He vowed to fight the move.
The property is one of the latest tranche of central city privately owned properties to be seized by CERA.
The government-appointed ministry today issued notices of intent for dozens of inner city properties.
Some of the properties are vacant. Others have functioning businesses on them, including car sales yards. Some are reserves.
The compulsorily-acquired land will be used for a Metro Sports centre along Antigua St fronting on Moorhouse Ave to the south of the city centre; the “southern frame” for various projects; and a block in Madras/Gloucester Sts that will be a residential precinct.
This article is tagged with the following keywords. Find out more about MyNBR Tags
Most listened to
- Listen to the week’s top business news on NBR Radio’s week in review
- Matthew Hooton on Winston Peters’ plan to become prime minister
- Tim Hunter asks: Is the government planning to hand control of water to iwi?
- Rob Hosking breaks down the political and economic week that was: Has everyone gone tax mad?
- Rodney Hide on the technological development and economic advance in transport