"An ambitious plan that will be good for Auckland," says Mayor Phil Goff.
Only the tiny Waitomo District Council has more debt for every residential ratepayer than Auckland Council.
“It is calculated exploitation and a secret nobody ever talks about,” says Greg Sayers.
"Putting the shortfall on ratepayers is unthinkable," says Phil Goff.
Private commercial real estate investors globally are turning their eyes to “buildings with beds” as the industry delivered an unleveraged return of 6.3% over the past decade, rising to 9% a year over the five years to December 2015.