Promoters fronting a “$100 million” waterfront hotel in Dunedin are refusing to identify the developer.
The plans were unveiled at a function at Dunedin’s Forsyth Barr Stadium by lawyer Steve Rodgers today.
He is acting for the unidentified developers of a 28-level hotel on Dunedin’s waterfront and has lodged a resource consent application.
The guests included a who’s who of the local business community.
Forsyth Barr founder Sir Eion Edgar, who was at the function, told NBR that the developer was “incredibly substantial” but very private.
It was great news for the city, which along with the new stadium would bring in more people to Dunedin, he said.
He dismissed criticism of the funding arrangements for the stadium, including questions about the price paid for Forsyth Barr’s naming rights (“confidential”).
The stadium was a “fantastic” accomplishment and would be complemented by the planned hotel, Sir Eion said.
If you know who the "secret" developer is please contact Property Editor Chris Hutching on firstname.lastname@example.org
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
- Prime Minister John Key would be better off doing the things he tells people he will do, says Matthew Hooton
- Paula Bennett is “thrilled” by the ban on three Wicked Camper vans, says Rodney Hide
- Michael Wigley says Uber may have inadvertently opened itself to action under competition law
- Tim Hunter on the Z Energy-Chevron deal