Tauranga's council has trimmed over-optimistic population growth forecasts in the face of slowing development.
Last week, National Business Review print edition detailed how companies from around New Zealand and overseas are considering moving to the Bay of Plenty city, attracted by proximity to the port on relatively cheap industrial land.
In the second part of our series, NBR shows in this week's paper how Tauranga City Council's investment in infrastructure over the last decade has sparked a huge rise in debt.
At the very time Tauranga needs a growing ratepayer base to pay for its infrastructure work the city has suffered a severe decline in building activity.
Auckland is expected to soak up 60% of the country's population growth over the next 18 years, but is that the best thing for our biggest city or the country as a whole – especially considering Tauranga is just 2.5 hours down the road?
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Pumpkin Patch has three weeks to come up with options for bank
- Stonewood Homes liquidation becoming murkier
- Warminger’s FPH trade ‘a game-changer’: Forsyth Barr
- Hydroworks already 'third of a way through' Australian capital raise
- Singapore Airlines lifts 2016 profit in NZ as cheap oil cuts fuel bill
Most listened to
- 'It’s not as big as it was last year but it’s still the biggest game in town' – Paul Maher talks up TVNZ's audience
- Hydroworks CEO Andrew Rodwell on the company's prospects post-funding.
- Trading with Milford’s “Ming” – Goldmans and Forbars give evidence at Warminger trial
- In Editor's Insight, Nevil Gibson finds women are still under-represented at all levels of the corporate ladder
- Privacy Commissioner John Edwards on a pending law change that will affect your business