COUNCIL FORCES RATEPAYERS & DEVELOPERS TO PAY UP TO 30 YEARS IN ADVANCE: Growth Project Costing Flaws Exposed to RatePayers, TaxPayers & Developers
🔥 REPORT LINK BELOW
COUNCIL FORCES RATEPAYERS & DEVELOPERS TO PAY UP TO 30 YEARS IN ADVANCE: Growth Project Costing Flaws Exposed to RatePayers, TaxPayers & Developers
**5 MAJOR ISSUES WITH GROWTH PROJECT AND DEVELOPMENT CHARGES:**
1. 💰 **Unfair Timing** – Paying today for infrastructure you won’t use for 30 YEARS
• Like paying future rent NOW for an apartment you’ll get in 30 YEARS. If rent is $700 per week now, that is what you should pay, in 15 years it might be $2,000 so pay that then, and in 30 years it may be $3,500 so pay that in 30 years. But YOU SHOULD NOT pay the $3,500 rent TODAY.
2. ⚠️ **Excessive Contingencies** – Council adds 50-70% extra costs vs industry standard 10-15%
• Makes projects cost ~40% more than necessary
• Mangere Footpaths are paying a 70% contingency and delay costs — that is super inefficient!
3. 🏗️ **Inflated Land Valuations** – Council values all land at $1,300-$1,500/m²
• If planning ahead, parks/roads land should cost $100-$200/m² (flood plains, unusable for housing)
4. ⏱️ **Decades-Early Payments** – Paying for parks/roads and upgrades 10-20-30 YEARS before they’re built
• Early rate payers and developers pay the most, get the least
5. 🏠 **Higher Housing Costs**
• Developers abandon affordable housing projects, build only high-margin large homes
**KEY POINT:** Ratepayers are paying a huge amount. Many projects are ‘renewals’ where ratepayers cover ~85% of costs (like Mangere footpaths).
⚠️ FIND THE REPORT HERE:
https://lnkd.in/enV5EVcJ
