Re-run: SkyCity’s convention centre would need $10m+ subsidies – MED
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- Date published:
11:22 am, February 21st, 2013 - 15 comments
Categories: business, capitalism -
Tags: convention centre, corporate welfare, SkyCity
A year ago, I wrote that SkyCity was pursuing the dirty practice of ‘subvention’ – where owners of white elephant infrastructure extort governments for subsidies – for the convention centre. The msm has caught up and is reporting on it now. MED is denying there will be any subvention, but Joyce says it’s all on the table. And what about the $10m+ in operating subsidies the centre would need?
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Key’s selling our gambling law to SkyCity in return for a ‘free’ convention centre with no government capital contribution. But, according to the MED, we taxpayers would be subsidising that convention centre with $10m for starters. Plus marketing costs. And, then, ongoing subsidies both if convention numbers fall short and as a kickback when it does bring in conventions.
We know that an international convention centre will never generate a return on the capital invested in it. Which is why no private organisation will do it without the government chipping in money, or doing it legislative favours.
But, the convention centre will, at least, cover its own running costs, won’t it?
Nope. MED’s feasibility study says that an international convention centre would need $10 million of operating subsidies in its first 6 years. Remember, this isn’t about capital costs, which SkyCity is agreeing to pay in full as the price for buying our gambling law. Here’s what MED says:
“it is assumed that the centre’s operating costs will break even. However, in the pre-opening phase, and initial years while the centre is establishing itself, it is likely that operational subsidies will be required. These have been assumed as:
• $2.0 million per annum in each of the three years before opening, for setting up operations and initial
marketing
• $2.9 million in the first year after opening
• $1.4 million in the second year after opening
• $0.5 million in the third year after opening”
On top of that, Tourism New Zealand would be expected to pay for the centre’s marketing:
“Tourism New Zealand, Tourism Auckland and CINZ for example will undoubtedly be active convention marketers.”
Yay! More subsidies. [Important reminder: we can’t afford to extend paid parental leave]
And it gets worse.
See, the fundamental problem with building a great big fuck-off international convention centre in the most isolated country on Earth is that nobody’s going to want to host an international convention centre there. And the other fundamental problem is that there’s already lots of international convention centres, all of them competing for a decreasing number of international conventions.
MED recognises risks – potentially leading to bailouts on top of the subsidies already mentioned – for an international convention centre in the form of a weak global economy (amusingly it says this shouldn’t be a problem because the centre won’t be built until after 2011, by which time everything will be better), increased use of tele-presence, and environmental concerns about flying thousands of people around for what are, invariably, pretty pointless events.
What’s important to recognise is that, while those risks affect all convention centres, they would affect a new Auckland International Convention Centre more than any of its competitors in the rest of the world. This is handsomely illustrated by the fact that, while the number of international conventions worldwide fell 5% between 2008 and 2010, the number in New Zealand fell 40%.
Every year the convention centre doesn’t make the revenue expected, SkyCity will be wanting a handout to keep it going.
But really the crazy thing is this: MED sees SkyCity getting subsidies for hosting conventions too.
Say a few international convention centre organisers are batshit crazy enough to fly 3,500 people to the most isolated country on Earth when there are perfectly good, cheaper alternatives, to a city that doesn’t even have a rail link to its airport, or one to the site of the convention centre. Well, then, there’s insidious idea called ‘subvention’. It goes ‘we’ve got this crappy convention centre that sits empty most of the time but when people come from overseas for conventions here they also spend money on accommodation, gambling, food, hookers, and sometimes they do some tourist stuff too, we don’t provide all those services in our business, but we want the profits’. Or, in MED’s language, ‘subvention (incentive) policies recognise the economic value of conferences to host destinations.’
So, SkyCity would continually have its hand out for more public money as kickbacks.
Subvention works because the convention owner can always threaten to close up, leaving the government with massive empty halls and a whole lot of unneeded associated public infrastructure in the middle of a major city and deny the government some revenue from tourism. The convention centre owners internalise the wider economic benefits of convention centres into their own profits by holding a gun to the government’s head.
It’s interesting to reflect at this juncture on where the term ‘white elephant’ comes from. In Thailand and Burma, white elephants were considered possessions that brought great prestige to their owner (it’s all to do with Buddha). Of course, elephants eat a lot, which is expensive and prestige-bearing objects would require special care, meaning extra expense. Usually, an elephant paid its way doing heavy labour but it was illegal to make a white elephant work. So, the King would give enemies a white elephant. It denoted prestige, but it weakened them in the way that counted, by being an expensive burden.
Do we need or want to have a huge ‘prestige’ project in Auckland that we will have to continually subsidise because it can’t pay its way? And is it worth selling our gambling law, creating more gambling addicts, and inflicting more crime and social costs on our community to get it?
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- Release: Government must commit to school building project for disabled studentsThe Government must commit to the Maitai School building project for students with high and complex needs, to ensure disabled students from the top of the South Island have somewhere to learn. ...2 weeks ago
- Release: National must take mental health seriouslyMental Health Minister Matt Doocey and his Government colleagues have made a meal of their mental health commitments, showing how flimsy their efforts to champion the issue truly are, says Labour Mental Health spokesperson Ingrid Leary. ...2 weeks ago
- Referendums for Māori wards a racist step backwardsThe Government's imposed referendum on Māori wards is a racist step backwards for Māori representation, and disregards Te Tiriti o Waitangi. ...2 weeks ago
- Release: Job losses at Health not worth it for tax cutsNew Zealand will feel the harm of the National Government’s reckless cuts to jobs at the health ministry for generations, says Ayesha Verrall. ...2 weeks ago
- Press release: No Māori initiatives in Government’s nothing planMāori are yet to see anything from this Government except cuts, reversals and taking our people backwards, Māori Development spokesperson Willie Jackson said. ...2 weeks ago
- Thirty six point PR spinThe Government’s ‘36 point’ plan for the next three months is as pointless as it is hollow. ...2 weeks ago
- Thirty six point PR spinThe Government’s ‘36 point’ plan for the next three months is as pointless as it is hollow. ...2 weeks ago
- Thirty six point PR spinThe Government’s ‘36 point’ plan for the next three months is as pointless as it is hollow. ...2 weeks ago
- Release: Social housing off Government’s to-do listThe Coalition Government’s refusal to commit to ongoing funding for social housing is seeing the sector pull back on developments and families watch their dreams of securing a home fade away, says Labour Housing spokesperson Kieran McAnulty. ...2 weeks ago
- Release: Less money in most people’s pockets this AprilChanges to minimum wage and benefit indexation means many New Zealanders will get less this year, as the Government gives a big tax break to landlords instead. ...2 weeks ago
- Release: Simeon Brown shortchanges AucklandersThe Coalition Government’s plan to ‘get Auckland moving’ is a cuts cover-up that will ultimately cost Aucklanders more to move around the city, says Labour Auckland Issues spokesperson Shanan Halbert. ...3 weeks ago
- MPP cuts unforgivableSlashing the Ministry of Pacific Peoples by 40% will have a devastating impact on pacific communities and further highlights how little this government cares about anything other than cutting taxes for the wealthiest few. ...3 weeks ago
- Release: Time to call time on greyhound racingThe Labour Party is calling on the Government to ban greyhound racing. ...3 weeks ago
- Patterson promoting NZ’s wool sector at International Congress
Associate Agriculture Minister Mark Patterson is speaking at the International Wool Textile Organisation Congress in Adelaide, promoting New Zealand wool, and outlining the coalition Government’s support for the revitalisation the sector. "New Zealand’s wool exports reached $400 million in the year to 30 June 2023, and the coalition Government ...8 hours ago - Removing red tape to help early learners thriveThe Government is making legislative changes to make it easier for new early learning services to be established, and for existing services to operate, Associate Education Minister David Seymour says. The changes involve repealing the network approval provisions that apply when someone wants to establish a new early learning service, ...11 hours ago
- McClay reaffirms strong NZ-China trade relationshipTrade, Agriculture and Forestry Minister Todd McClay has concluded productive discussions with ministerial counterparts in Beijing today, in support of the New Zealand-China trade and economic relationship. “My meeting with Commerce Minister Wang Wentao reaffirmed the complementary nature of the bilateral trade relationship, with our Free Trade Agreement at its ...17 hours ago
- Prime Minister Luxon acknowledges legacy of Singapore Prime Minister LeePrime Minister Christopher Luxon today paid tribute to Singapore’s outgoing Prime Minister Lee Hsien Loong. Meeting in Singapore today immediately before Prime Minister Lee announced he was stepping down, Prime Minister Luxon warmly acknowledged his counterpart’s almost twenty years as leader, and the enduring legacy he has left for Singapore and South East ...23 hours ago
- PMs Luxon and Lee deepen Singapore-NZ tiesPrime Minister Christopher Luxon held a bilateral meeting today with Singapore Prime Minister Lee Hsien Loong. While in Singapore as part of his visit to South East Asia this week, Prime Minister Luxon also met with Singapore President Tharman Shanmugaratnam and will meet with Deputy Prime Minister Lawrence Wong. During today’s meeting, Prime Minister Luxon ...1 day ago
- Antarctica New Zealand Board appointmentsForeign Minister Winston Peters has made further appointments to the Board of Antarctica New Zealand as part of a continued effort to ensure the Scott Base Redevelopment project is delivered in a cost-effective and efficient manner. The Minister has appointed Neville Harris as a new member of the Board. Mr ...1 day ago
- Finance Minister travels to Washington DCFinance Minister Nicola Willis will travel to the United States on Tuesday to attend a meeting of the Five Finance Ministers group, with counterparts from Australia, the United States, Canada, and the United Kingdom. “I am looking forward to meeting with our Five Finance partners on how we can work ...1 day ago
- Pet bonds a win/win for renters and landlordsThe coalition Government has today announced purrfect and pawsitive changes to the Residential Tenancies Act to give tenants with pets greater choice when looking for a rental property, says Housing Minister Chris Bishop. “Pets are important members of many Kiwi families. It’s estimated that around 64 per cent of New ...1 day ago
- Long Tunnel for SH1 Wellington being consideredState Highway 1 (SH1) through Wellington City is heavily congested at peak times and while planning continues on the duplicate Mt Victoria Tunnel and Basin Reserve project, the Government has also asked NZ Transport Agency (NZTA) to consider and provide advice on a Long Tunnel option, Transport Minister Simeon Brown ...2 days ago
- New Zealand condemns Iranian strikesPrime Minister Christopher Luxon and Foreign Minister Winston Peters have condemned Iran’s shocking and illegal strikes against Israel. “These attacks are a major challenge to peace and stability in a region already under enormous pressure," Mr Luxon says. "We are deeply concerned that miscalculation on any side could ...2 days ago
- Huge interest in Government’s infrastructure plansHundreds of people in little over a week have turned out in Northland to hear Regional Development Minister Shane Jones speak about plans for boosting the regional economy through infrastructure. About 200 people from the infrastructure and associated sectors attended an event headlined by Mr Jones in Whangarei today. Last ...4 days ago
- Health Minister thanks outgoing Health New Zealand ChairHealth Minister Dr Shane Reti has today thanked outgoing Health New Zealand – Te Whatu Ora Chair Dame Karen Poutasi for her service on the Board. “Dame Karen tendered her resignation as Chair and as a member of the Board today,” says Dr Reti. “I have asked her to ...4 days ago
- Roads of National Significance planning underwayThe NZ Transport Agency (NZTA) has signalled their proposed delivery approach for the Government’s 15 Roads of National Significance (RoNS), with the release of the State Highway Investment Proposal (SHIP) today, Transport Minister Simeon Brown says. “Boosting economic growth and productivity is a key part of the Government’s plan to ...4 days ago
- Navigating an unstable global environmentNew Zealand is renewing its connections with a world facing urgent challenges by pursuing an active, energetic foreign policy, Foreign Minister Winston Peters says. “Our country faces the most unstable global environment in decades,” Mr Peters says at the conclusion of two weeks of engagements in Egypt, Europe and the United States. “We cannot afford to sit back in splendid ...4 days ago
- NZ welcomes Australian Governor-GeneralPrime Minister Christopher Luxon has announced the Australian Governor-General, His Excellency General The Honourable David Hurley and his wife Her Excellency Mrs Linda Hurley, will make a State visit to New Zealand from Tuesday 16 April to Thursday 18 April. The visit reciprocates the State visit of former Governor-General Dame Patsy Reddy ...4 days ago
- Pseudoephedrine back on shelves for WinterAssociate Health Minister David Seymour has announced that Medsafe has approved 11 cold and flu medicines containing pseudoephedrine. Pharmaceutical suppliers have indicated they may be able to supply the first products in June. “This is much earlier than the original expectation of medicines being available by 2025. The Government recognised ...4 days ago
- NZ and the US: an ever closer partnershipNew Zealand and the United States have recommitted to their strategic partnership in Washington DC today, pledging to work ever more closely together in support of shared values and interests, Foreign Minister Winston Peters says. “The strategic environment that New Zealand and the United States face is considerably more ...5 days ago
- Joint US and NZ declarationApril 11, 2024 Joint Declaration by United States Secretary of State the Honorable Antony J. Blinken and New Zealand Minister of Foreign Affairs the Right Honourable Winston Peters We met today in Washington, D.C. to recommit to the historic partnership between our two countries and the principles that underpin it—rule ...5 days ago
- NZ and US to undertake further practical Pacific cooperationForeign Minister Winston Peters has announced further New Zealand cooperation with the United States in the Pacific Islands region through $16.4 million in funding for initiatives in digital connectivity and oceans and fisheries research. “New Zealand can achieve more in the Pacific if we work together more urgently and ...5 days ago
- Government redress for Te Korowai o WainuiāruaThe Government is continuing the bipartisan effort to restore its relationship with iwi as the Te Korowai o Wainuiārua Claims Settlement Bill passed its first reading in Parliament today, says Treaty Negotiations Minister Paul Goldsmith. “Historical grievances of Te Korowai o Wainuiārua relate to 19th century warfare, land purchased or taken ...5 days ago
- Focus on outstanding minerals permit applicationsNew Zealand Petroleum and Minerals is working to resolve almost 150 outstanding minerals permit applications by the end of the financial year, enabling valuable mining activity and signalling to the sector that New Zealand is open for business, Resources Minister Shane Jones says. “While there are no set timeframes for ...5 days ago
- Applications open for NZ-Ireland Research CallThe New Zealand and Irish governments have today announced that applications for the 2024 New Zealand-Ireland Joint Research Call on Agriculture and Climate Change are now open. This is the third research call in the three-year Joint Research Initiative pilot launched in 2022 by the Ministry for Primary Industries and Ireland’s ...5 days ago
- Tenancy rules changes to improve rental marketThe coalition Government has today announced changes to the Residential Tenancies Act to encourage landlords back to the rental property market, says Housing Minister Chris Bishop. “The previous Government waged a war on landlords. Many landlords told us this caused them to exit the rental market altogether. It caused worse ...5 days ago
- Boosting NZ’s trade and agricultural relationship with ChinaTrade and Agriculture Minister Todd McClay will visit China next week, to strengthen relationships, support Kiwi exporters and promote New Zealand businesses on the world stage. “China is one of New Zealand’s most significant trade and economic relationships and remains an important destination for New Zealand’s products, accounting for nearly 22 per cent of our good and ...5 days ago
- Freshwater farm plan systems to be improvedThe coalition Government intends to improve freshwater farm plans so that they are more cost-effective and practical for farmers, Associate Environment Minister Andrew Hoggard and Agriculture Minister Todd McClay have announced. “A fit-for-purpose freshwater farm plan system will enable farmers and growers to find the right solutions for their farm ...6 days ago
- New Fast Track Projects advisory group namedThe coalition Government has today announced the expert advisory group who will provide independent recommendations to Ministers on projects to be included in the Fast Track Approvals Bill, say RMA Reform Minister Chris Bishop and Regional Development Minister Shane Jones. “Our Fast Track Approval process will make it easier and ...6 days ago
- Pacific and Gaza focus of UN talksForeign Minister Winston Peters says his official talks with the United Nations Secretary-General Antonio Guterres in New York today focused on a shared commitment to partnering with the Pacific Islands region and a common concern about the humanitarian catastrophe in Gaza. “Small states in the Pacific rely on collective ...7 days ago
- Government honours Taranaki Maunga dealThe Government is honouring commitments made to Taranaki iwi with the Te Pire Whakatupua mō Te Kāhui Tupua/Taranaki Maunga Collective Redress Bill passing its first reading Parliament today, Treaty Negotiations Minister Paul Goldsmith says. “This Bill addresses the commitment the Crown made to the eight iwi of Taranaki to negotiate ...1 week ago
- Enhanced partnership to reduce agricultural emissionsThe Government and four further companies are together committing an additional $18 million towards AgriZeroNZ to boost New Zealand’s efforts to reduce agricultural emissions. Agriculture Minister Todd McClay says the strength of the New Zealand economy relies on us getting effective and affordable emission reduction solutions for New Zealand. “The ...1 week ago
- 110km/h limit proposed for Kāpiti ExpresswayTransport Minister Simeon Brown has welcomed news the NZ Transport Agency (NZTA) will begin consultation this month on raising speed limits for the Kāpiti Expressway to 110km/h. “Boosting economic growth and productivity is a key part of the Government’s plan to rebuild the economy and this proposal supports that outcome ...1 week ago
- New Zealand Biosecurity Awards – Winners announcedTwo New Zealanders who’ve used their unique skills to help fight the exotic caulerpa seaweed are this year’s Biosecurity Awards Supreme Winners, says Biosecurity Minister Andrew Hoggard. “Strong biosecurity is vital and underpins the whole New Zealand economy and our native flora and fauna. These awards celebrate all those in ...1 week ago
- Attendance action plan to lift student attendance ratesThe Government is taking action to address the truancy crisis and raise attendance by delivering the attendance action plan, Associate Education Minister David Seymour announced today. New Zealand attendance rates are low by national and international standards. Regular attendance, defined as being in school over 90 per cent of the ...1 week ago
- World must act to halt Gaza catastrophe – PetersForeign Minister Winston Peters has told the United Nations General Assembly (UNGA) in New York today that an immediate ceasefire is needed in Gaza to halt the ongoing humanitarian catastrophe. “Palestinian civilians continue to bear the brunt of Israel’s military actions,” Mr Peters said in his speech to a ...1 week ago
- Speech to United Nations General Assembly: 66th plenary meeting, 78th sessionMr President, The situation in Gaza is an utter catastrophe. New Zealand condemns Hamas for its heinous terrorist attacks on 7 October and since, including its barbaric violations of women and children. All of us here must demand that Hamas release all remaining hostages immediately. At the ...1 week ago
- Government woolshed roadshow kicks offToday the Government Agriculture Ministers started their national woolshed roadshow, kicking off in the Wairarapa. Agriculture Minister Todd McClay said it has been a tough time for farmers over the past few years. The sector has faced high domestic inflation rates, high interest rates, adverse weather events, and increasing farm ...1 week ago
- PM heads to Singapore, Thailand, and PhilippinesPrime Minister Christopher Luxon will travel to Singapore, Thailand and the Philippines this week (April 14-20), along with a senior business delegation, signalling the Government’s commitment to deepen New Zealand’s international engagement, especially our relationships in South East Asia. “South East Asia is a region that is more crucial than ever to ...1 week ago
- Prime Minister launches Government TargetsPrime Minister Christopher Luxon has announced further steps to get New Zealand back on track, launching nine ambitious Government Targets to help improve the lives of New Zealanders. “Our Government has a plan that is focused on three key promises we made to New Zealanders – to rebuild the economy, ...1 week ago
- Natural hydrogen resource should be free of Treaty claims entanglementNatural hydrogen could be a game-changing new source of energy for New Zealand but it is essential it is treated as a critical development that benefits all New Zealanders, Resources Minister Shane Jones says. Mr Jones is seeking to give regulatory certainty for those keen to develop natural, or geological, ...1 week ago
- Government responds to unsustainable net migration...1 week ago
- New Zealand on stage at global Space SymposiumSpace Minister Judith Collins will speak at the Space Symposium in the United States next week, promoting New Zealand’s rapidly growing place in the sector as we work to rebuild the economy. “As one of the largest global space events, attended by more than 10,000 business and government representatives from ...1 week ago
- Masses of scalloped hammerheads have returned to one of Australia’s busiest beaches. But we don’...
Source: The Conversation (Au and NZ) – By Olaf Meynecke, Research Fellow in Marine Science and Manager Whales & Climate Program, Griffith University A juvenile hammerhead at Burleigh Beach, watched by snorkellers Olaf Meynecke, CC BY-NC-ND For the second year in a row, over 100 hammerheads have gathered at one ...40 mins ago - Have New Zealanders been misled about AUKUS, is involvement a foregone conclusion?
Analysis - New Zealand involvement in pillar two of the military deal would represent a seismic shift. ...2 hours ago - How the Lehrmann v Channel 10 defamation case shone an unflattering light on commercial news gatheri...Source: The Conversation (Au and NZ) – By Denis Muller, Senior Research Fellow, Centre for Advancing Journalism, The University of Melbourne Network Ten and Lisa Wilkinson’s victory in the defamation action brought against them by Bruce Lehrmann is the second big win inside a year for the Australian media using ...2 hours ago
- Pharmacists should be able to dispense nicotine vapes without a prescription. Here’s whySource: The Conversation (Au and NZ) – By Coral Gartner, Director, NHMRC Centre of Research Excellence on Achieving the Tobacco Endgame, The University of Queensland Zamrznuti tonovi/Shutterstock The Australian government is currently considering a bill to implement the next stage of reforms to vaping regulation. At present, vaping products ...2 hours ago
- For 600 years the Voynich manuscript has remained a mystery. Now we think it’s partly about sexSource: The Conversation (Au and NZ) – By Keagan Brewer, Macquarie University Research Fellow, Macquarie University Yale University Library The Voynich manuscript has long puzzled and fascinated historians and the public. This late-medieval document is covered in illustrations of stars and planets, plants, zodiac symbols, naked women, and blue ...3 hours ago
- Can AI read our minds? Probably not, but that doesn’t mean we shouldn’t be worriedSource: The Conversation (Au and NZ) – By Sam Baron, Associate Professor, Philosophy of Science, The University of Melbourne Iconic Bestiary / Shutterstock Earlier this year, Neuralink implanted a chip inside the brain of 29-year-old US man Noland Arbaugh, who is paralysed from the shoulders down. The chip has ...4 hours ago
- 5 reasons why the Fast-track Approvals Bill threatens NZ’s already fragile ecosystemsSource: The Conversation (Au and NZ) – By Margaret Stanley, Professor of Ecology, University of Auckland, Waipapa Taumata Rau Getty Images Conservation “good news” stories – the release of native birds into new habitats, for example – are always welcome. They recognise the work of conservation staff and volunteers ...4 hours ago
- Stuff to provide news bulletins to replace Newshub on ThreeBy Colin Peacock, RNZ Mediawatch presenter Warner Bros Discovery has done a deal with Stuff to provide news to replace Newshub. It will keep news on TV channel Three from July 6 and help Three retain some viewers. It also means important income for Stuff, but it will also stretch ...4 hours ago
- Stuck in fight-or-flight mode? 5 ways to complete the ‘stress cycle’ and avoid burnout or depres...Source: The Conversation (Au and NZ) – By Theresa Larkin, Associate professor of Medical Sciences, University of Wollongong Shutterstock Can you remember a time when you felt stressed leading up to a big life event and then afterwards felt like a weight had been lifted? This process – the ...5 hours ago
- Ministry of Education job cuts may affect school lunch programmeThere is concern the team delivering the programme could be halved, while RNZ has also been told it will be "decimated". ...5 hours ago
- From forced kisses to power imbalances, violence against women in sport is endemicSource: The Conversation (Au and NZ) – By Fiona Giles, Research Fellow, La Trobe Rural Health School, La Trobe University Former Spanish football federation chief Luis Rubiales may face significant consequences for his non-consensual kiss of Spanish soccer star Jenni Hermoso. But this is not the norm for perpetrators ...5 hours ago
- As China’s influence on Pacific media intensifies, Australia can’t afford to lose the region’s...Source: The Conversation (Au and NZ) – By Lucy Morieson, Lecturer in Politics and Communication , RMIT University When the people of Solomon Islands go to the polls on Wednesday, they will be voting for more than just a new prime minister. The election will also be a referendum on ...5 hours ago
- The best moments from the outrageous final episodes of MAFS AU
From the Jono and Ellie bombshell to the return of Collins, we look at back at the final episodes of Married at First Sight Australia 2024. When John Aiken told us back in February that we were in for a “quite shocking” season of Married at First Sight Australia, little ...5 hours ago - Expanding Coal Mining In 21st Century An “absurd, Selfish Decision” Says WWF
Resources Minister Shane Jones announced today that the Government will ease the consenting process for setting up new coal mines or expanding existing ones. ...6 hours ago - The Boy in the Water nominated for best podcast
Newsroom has received five nominations for the 2024 Voyager Media Awards, including best podcast for Melanie Reid’s popular nine-part in depth investigation The Boy in the Water. ReadingRoom’s Steve Braunias has been nominated for best columnist, opinion or critique, and Aaron Smale is up for the Te Tohu Kairangi award. ...6 hours ago - Watch: Christopher Luxon faces questions in SingaporeThe Prime Minister is speaking to media on his second day of a tour around South East Asia. ...6 hours ago
- Watch live: Christopher Luxon faces questions in SingaporeThe Prime Minister is speaking to media on his second day of a tour around South East Asia. ...7 hours ago
- How The Lost Boys of Dilworth brought a ‘horrendous nightmare’ to lifeAlex Casey talks to the makers of TVNZ’s new docudrama retelling the stories of Dilworth survivors. This story contains reference to sexual abuse, please take care. When she first saw the child actors that would be playing the young versions of Dilworth survivors, Mary Durham nearly burst into tears on ...7 hours ago
- Pro-independence activist issues dire warning to France over Kanaky New CaledoniaBy Lydia Lewis, RNZ Pacific journalist A pro-independence activist in New Caledonia is warning France to immediately halt its planned constitution amendments or face “war”. The call for a u-turn follows proposed constitutional changes to voting rights which could push the number of eligible anti-independence voters up. Pacific Independence Movement ...7 hours ago
- The last days of motorsport at Pukekohe Park Raceway | Checkered Flag | The SpinoffIn the final months of the Pukekohe Park Raceway, the father and daughter duo managing the grassroots racecourse want to give everyone a last chance to go fast. This asphalt has been a part of New Zealand’s motorsport community and history for 60 years. Checkered Flag is made with the ...8 hours ago
- Watch: David Seymour announces early childhood education centre changesACT's leader read to children while sitting next to a book featuring Jacinda Ardern, before telling reporters the former prime minister was an authoritarian. ...8 hours ago
- Smaller agencies cutting deepest into staffing, data to date showsSmaller agencies are making deepest cuts as they look to save costs, RNZ data shows. ...8 hours ago
- The last days of motorsport at Pukekohe Park RacewayIn Checkered Flag, the father and daughter duo managing the Pukekohe Park Raceway want to give everyone one last chance to go fast before its closure. Since it opened in 1962, the Pukekohe Park Raceway has hosted the New Zealand Grand Prix, the Tasman Series, and Supercar Championships as ...8 hours ago
- Labour Productivity Falls 0.9 PercentLabour productivity fell 0.9 percent in the year ended March 2023, according to figures released by Stats NZ today. The 0.9 percent fall in labour productivity was the largest fall since 2009. It follows a rise of 1.0 percent in the year ended March ...9 hours ago
- Shane Jones Throws A Lump Of Coal To The Mining LobbyistsCoal Action Network Aotearoa (CANA), the national organisation campaigning for an end to coal mining and coal use, says Resources Minister Shane Jones needs to understand the world has moved on from the industrial revolution, and coal - and siding with ...9 hours ago
- Jeepers creepers: the climbing cost of climate change compoundsKiwibank chief economist Jarrod Kerr explains what effect climate change will have on inflation, housing and policy – and whether there’s a way out. Climate change. It’s a gigantic force and it’s coming into play at a time when New Zealand is already struggling with inflation. We’ve gone from a ...9 hours ago
- New deal intends to make trade with Singapore simplerCustoms has signed a cooperation agreement with its Singaporean counterpart. ...10 hours ago
- Will pet bonds really be a win-win? I’m not holding my breathMaking it easier for people with pets to find rentals is a good thing. But the pet bonds policy is just one proposal in a suite of many that overwhelmingly favour landlords’ rights, argues Kristin Kelly. Renting in New Zealand, generally speaking, sucks. At the time of the last census, ...10 hours ago
- Shane Jones announces easier coal mine consentingThe Resources Minister says changes to coal mine consenting will reduce barriers to extraction. ...10 hours ago
- How a global crisis, drift racing and Memphis hip-hop gave us phonk – the music of the TikTok gene...Source: The Conversation (Au and NZ) – By Andy Ward, Senior Lecturer in Music, School of Business and Creative Industries, University of the Sunshine Coast Shutterstock What’s that sound you hear – a combination of down-tempo hip-hop, menacing bass, distorted drums and plucky synths? It’s phonk! Still ...11 hours ago
- Watch live: David Seymour announces early childhood education centre changesThe government has announced changes to the ECE sector, which it says will make it easier for new centres to be set up. ...11 hours ago
- The cost of being: A skint student waiting anxiously to start a new jobAs part of our series exploring how New Zealanders live and our relationship with money, a 30-year-old who’s just finished his studies will be breathing a sigh of relief when that first paycheck comes in. Gender: Male Age: 30 Ethnicity: Māori/European Role: Student/trainee, volunteer for a youth organisation. Salary/income/assets: Me: $400pw ...11 hours ago
- Breaking: Stuff wins race to replace Newshub with a new 6pm bulletin for ThreeSources familiar with the deal say the print news giant has beaten out NZME to create a 6pm bulletin to replace Newshub at Three. Less than a week after Three confirmed that its proposal to completely shutter Newshub will be going ahead, it will today confirm that Stuff has won ...11 hours ago
- Can playing Tetris help prevent PTSD if you’ve witnessed something traumatic?Source: The Conversation (Au and NZ) – By Daniel Bressington, Professor in Mental Health, Charles Darwin University In the wake of witnessing tragic events, many people turn to online communities such as Reddit to discuss and process their experiences. A common bit of advice users give each other is to ...11 hours ago
- Have New Zealanders really been ‘misled’ about AUKUS, or is involvement now a foregone conclusio...Source: The Conversation (Au and NZ) – By Marco de Jong, Lecturer, Law School, Auckland University of Technology Getty Images When former prime minister Helen Clark spoke out against New Zealand potentially compromising its independent foreign policy by joining pillar two of the AUKUS security pact, foreign minister ...11 hours ago
- With democracy under threat in Narendra Modi’s India, how free and fair will this year’s electio...Source: The Conversation (Au and NZ) – By Priya Chacko, Associate Professor, International Politics, University of Adelaide India’s prime minister, Narendra Modi, is favoured to win reelection when India’s 970 million voters start heading to the polls on April 19 in the country’s massive, six-week general election. Modi, who has ...11 hours ago
- What happens when I stop taking a drug like Ozempic or Mounjaro?Source: The Conversation (Au and NZ) – By Natasha Yates, General Practitioner, PhD Candidate, Bond University Diva Plavalaguna/Pexels Hundreds of thousands of people worldwide are taking drugs like Ozempic to lose weight. But what do we actually know about them? This month, The Conversation’s experts explore their rise, ...11 hours ago
- Climate change is causing marine ‘coldwaves’ too, killing wildlifeSource: The Conversation (Au and NZ) – By Nicolas Benjamin Lubitz, Researcher in marine ecology, James Cook University Ryan Daly The effects of ocean warming are profound and well-documented. But sometimes changes in the patterns of winds and ocean currents cause seawater to suddenly cool, instead. Surface temperatures ...11 hours ago
- Our research suggests eating an unhealthy breakfast could have a similar effect on your child’s sc...Source: The Conversation (Au and NZ) – By Andrew J. Martin, Scientia Professor and Professor of Educational Psychology, UNSW Sydney Haley Owens/Unsplash, CC BY Many parents know it is important for their teenagers to have breakfast before they go to school. Even though young people can be reluctant ...11 hours ago
- NZ joins call for Israel not to escalate tensions with IranForeign Minister Winston Peters says now is not the time escalation, but rather for calmness. ...12 hours ago
- China’s forced returns prompt call for foreign interference committeeA report sheds new light on NZ residents pressured into returning to China to face its legal system The post China’s forced returns prompt call for foreign interference committee appeared first on Newsroom. ...12 hours ago
- Mega tunnel idea prompts anger and satire but finds a couple of championsOne proponent has suggested the minister give Elon Musk a call about the newly resurrected mega tunnel idea for Wellington, writes Anna Rawhiti-Connell in this excerpt from The Bulletin, The Spinoff’s morning news round-up. To receive The Bulletin in full each weekday, sign up here. ‘We’re having a really good look ...12 hours ago
- Costs of Pūhoi to Warkworth motorway not to be finalised until 2025The divvying up of costs for the billion-dollar Pūhoi to Warkworth motorway will not be finalised until next year. ...13 hours ago
- Air NZ calls for Govt mandates to help drive sustainable aviation fuel useNew Zealand’s national carrier has taken a leap towards its net zero 2050 goal, with its biggest ever purchase of sustainable aviation fuel. But Air NZ chair Dame Therese Walsh said it was now time for the Government to step in with policies that would help level the playing field ...13 hours ago
- Public service cuts: $6.3m in payouts at one ministry so farThe total cost of redundancies across the public service is not yet known and the Finance Minister has not asked for an estimated price tag. ...14 hours ago
- A flagpole, a failed space, and a confused history of white fragilityWellington’s Flagstaff Hill has a strange, dark history…. or does it? Max Rashbrooke uncovers the truth about a historical myth. I pass it almost every day, yet never see it used. The flagpole, placed on a grassy hill above Wellington’s CBD, surrounded by trees and houses, and accessible only by ...15 hours ago
- A series of alternative, equally ambitious, transport options for WellingtonYou want to build a giant underground tunnel? Dream a little bigger. On Monday, news broke that the government is investigating the prospect of a mega-tunnel, running from Wellington’s The Terrace to Kilbirnie, designed to reduce the car load on State Highway 1 and speed trips up by an astounding ...15 hours ago
- Rhapsody in feijoaThe greatest book ever written about the feijoa may well be the only book ever written about the feijoa but there is no doubting that the recently published Feijoa by Kate Evans qualifies as a New Zealand natual history classic, a deep and knowledgeable dive into the life story of ...15 hours ago
- Daily crossword, Tuesday 16 AprilThe post Daily crossword, Tuesday 16 April appeared first on Newsroom. ...15 hours ago
- Principals on the truth behind truancyBad parenting – or are there a million other reasons that a child might not make it to school? Ask Ash Maindonald, the principal of Western Heights School, a primary school in West Auckland. He’ll tell you that every principal he speaks to has a litany of war stories they ...15 hours ago
- Beyond the DoC job cuts: ‘The worst is yet to come’Losing staff is just the beginning of a coming storm for the Department of Conservation, environmental groups warn The post Beyond the DoC job cuts: ‘The worst is yet to come’ appeared first on Newsroom. ...15 hours ago
- ‘Reverse uplift’ foster parents still waiting to hear from OTThe foster couple at the centre of a Newsroom video investigation ordered removed from our website by the High Court are hopeful a Court of Appeal ruling means they finally hear back from Oranga Tamariki, who have been giving the couple the “silent treatment”. “We’re still in limbo. Our lives ...15 hours ago
- Environment Court shuts down Pākiri sand mining appealThe court found the ‘clear benefits’ of continuing to take sand from Pākiri didn’t outweigh environmental concerns The post Environment Court shuts down Pākiri sand mining appeal appeared first on Newsroom. ...15 hours ago
- Man in the middleIt’s no easy task leading a company that supplies fossil fuels in this day and age, and no one gives Z Energy chief executive Lindis Jones a harder time about it than his own kids. His work skating the friction zone – maintaining steady fuel supply while supporting the transition ...15 hours ago
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Joker’s Wild (Excellent Article Eddie)
Great article, EDDIE, Subvention is going to be my word of the day. An article just up on the NZH websites confirms that Key was being more than a little optimistic yesterday when he said Skycity and TVNZ had done a deal on land for the convention hall. They haven’t, despite Key’s repeated claims to the contrary.
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10866808
excellent article. the aluminium smelter people are trying their own variation on the same scam here and in northern australia(and probably everywhere else). its a variation on the old privatise the profits,socialise the losses trick. right about now you will have some right wingers on here , trying hard to distact people with the old change the subject, cause an argument rort.
More welfare for the corporate sector.
As a taxpayer I am sick and tired of having my taxes going towards free-lodaing bludging businesses.
Like farmers.
Like the NZX.
Like Mediaworks
Like finance companies
Bloody bludgers
+1
Biggest bludgers around are the rich and they’re the ones that this government is governing for which is why they keep giving the bludgers more of our money.
Thanks EDDIE. Two days ago on James Henderson’ post about the SkyCity Scam I commented:
‘And if the thing does not make enough profit for Sky City the taxpayer gives them a top-up. Nice when you are spending other peoples’ money John Key.’
That comment was replied to by ‘swan’ with: ‘Link?’
Hello swan.
Key and his government want a convention centre funded by exploiting pokie addicts. This tells me how disconnected the man is when it comes to being a worthy leader.
HOW DISRESPECTFUL.
What this government is giving away is a permanent, government guaranteed, income for SkyCity shareholders.
I think currently there are 1600 machines and with an increase of 500 machines those shareholders are going to rake in the proceeds.
I reckon those machines will go in at record speed.
Auckland may even get an unfinished convention centre.
There are over 1600 machines.
“There are twenty 2 cent machines on the Main Casino floor…”
(You work out the % on the twenty 2 cent machines).
http://www.skycityauckland.co.nz/Casino/Gaming.Machines.html
http://www.skycityauckland.co.nz/Casino/Gaming-Machines.html
put . instead of –
Peak Oil = death knell for tourism. No wonder ‘nobody’ wants to talk about it.
Mass-market tourism, certainly.
Mass-market tourism, certainly.
I must admit to being confused. The MED cost / benefit analysis for the Auckland Council appeared to assume that teh convention centre would be wholly owned and paid for by the Council (or the government). Now there seems to be talk of Sky building the convention centre “free” (but being goven by a law change pokie licenses), but now the assumption seems to be that the centre would then be owned by Sky (possibly with land being purchased of an SOE at mates rates but that’s not clear), with all profits going to Sky. That may still bring tourism benefits to Auckland (subject to assumptions about number of extra visitors) which my have some value, but its not clear whether the projected subsidies are now to be paid by Sky.
When Key tells us we are getting something free, I’d like to know who is we, who is paying, who benefits and who is worse off.