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Government announces new red zone buyouts

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Government announces new red zone buyouts

By: Newstalk ZB staff | New Zealand News | Thursday September 13 2012 13:09

 

The Canterbury Earthquake Recovery Minister Gerry Brownlee has released details of more government offers for red zoned properties.

These cover special cases on the city's flat.

The owners of 65 parcels of vacant land will not be eligible for the redzone buyout offer, but the government will buy their properties for half the current rateable value.

Fifty properties that were occupied at the time of the February earthquake but uninsured will also be offered 50 per cent of their rateable land value.

Twenty-two insured commercial or industrial buildings will also receive a government offer.

Earthquake minister Gerry Brownlee says they wanted to make an offer of sorts for owners of the 50 properties uninsured at the time of the quake.

 

Related Subjects

Earthquake | Gerry Brownlee |

 

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