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Home arrow Articles by Topic arrow Todd Property Group arrow Bold plans for new centres fail to get off ground
Bold plans for new centres fail to get off ground PDF Print
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Articles - Todd Property Group
Written by Anne Gibson, The New Zealand Herald   
Saturday, 09 October 2010

The wind still blows through the fields of dreams on Auckland's fringe.

The grass grows long on the city's fringes as visions of new town centres evaporate, quietly and almost without a mention.

As Super City polls close today, Auckland's spread has been contained more by the end of the boom-bust real estate cycle than any centralised planning attempt.

Gone are millions of dollars, borrowed from the public and banks, to fund plans which were a product of the 2000s real estate rise. The land was to become entire new suburban areas for Auckland.

Nigel McKenna's vision for Flat Bush is in the hands of NBR Rich List family the Todds.

Ditched or downsized are grand plans for architectural wonders, tall towers of apartment blocks, sprawling housing estates, shops linking to offices and new suburban hubs at the end of rural railway lines.

Full story...

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