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Nicola Young: Wellington Councillor on Reading Cinemas negotiations ending

Publish Date
Tue, 23 Apr 2024, 6:27pm
 Photo / Mark Mitchell
Photo / Mark Mitchell

Nicola Young: Wellington Councillor on Reading Cinemas negotiations ending

Publish Date
Tue, 23 Apr 2024, 6:27pm

The controversial Reading Cinemas deal is off.

Wellington City Council announced this afternoon that it's ended negotiations because they couldn't get the best possible outcome for Wellingtonians.

Under the proposed deal, Wellington Council was set to buy the Reading Cinemas land for $32 million, then sell it back to Reading after a decade as a way to finance a future refurbishment.

 

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