The "Achilles heel" of Pegsus was the government's new land classifications.
Chris Hutching Mon, 20 Aug 2012
Tomorrow is D-Day for Pegasus Town developer Bob Robertson.
Mr Robertson says he is due to meet receivers of the development north of Christchurch and has been working to put together a deal which would allow him to regain control.
He blames the government’s new land classifications for
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