Council Turns Down $75m Offer for AT’s Downtown Car Parking Building

CEO states this will be done through the 2015-2025 Long Term Plan processes

 

This just in from Auckland Council

Council returns cheque

Auckland Council is returning a $7.5 million deposit cheque to Tournament Parking.

Council received the cheque on Friday in an unsolicited offer from Tournament Parking to buy the Downtown Carpark for $75 million.

Auckland Council Chief Executive, Stephen Town, said the cheque was being returned as council has not made any decision about selling the carpark ahead of developing its Long-term Plan.

“The carpark is not currently for sale. If there is to be any divestment of parking assets, a proposal to do so would be included in the Long-term Plan for public consultation,” said Mr Town.

 

 

My last commentary on this issue was here: Should Auckland Council (and Transport) Sell Off the AT Downtown Car-Park