Auckland's SkyCity will chip in $50,000 to save Santa.
That's the shortfall in the $180,000 cost of erecting the 18 metre icon on the corner of the Whitcoulls building on Queen Street.
CEO Nigel Morrison says the company's proud to be a good neighbour, and it's just not Christmas without the Santa.
He says Santa has been a special part of Aucklanders' Christmas celebrations since 1960.
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