Housing Trust: Govt could have negotiated better in motel purchase

Author
Newstalk ZB,
Publish Date
Thu, 22 Jul 2021, 7:46AM
The Boulevard Motel on Fenton St. (Photo / Andrew Warner)
The Boulevard Motel on Fenton St. (Photo / Andrew Warner)

Housing Trust: Govt could have negotiated better in motel purchase

Author
Newstalk ZB,
Publish Date
Thu, 22 Jul 2021, 7:46AM

There is a suggestion the Government has been ripped off in its purchase of a Rotorua motel.

Kainga Ora's bought the Boulevard Motel on Fenton Street for more than eight million dollars, which it's going to turn into short-term housing for 80 people.

Some local real estate agents have told Newstalk ZB it's only worth about half of that.

Monte Cecelia Housing Trust chief executive, Bernie Smith, told Mike Yardley this is taxpayers' money.

“It’s being used by a government department that could have negotiated a heck of a lot better than they have in this instance.”

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