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
Most listened to
- Steel & Tube CEO Mark Malpass says the earnings drops comes as the company undertakes a change programme
- Port of Tauranga CEO Mark Cairns on the ports review and his company's cargo growth
- Comvita's Scott Coulter discusses the new manuka honey definition
- The City of London's Lord Mayor Charles Bowman on why trust and cooperation can save the financial sector
- NBR Radio: The best interviews – updated daily, with Grant Walker