Watercare’s Growth Related Revenu Soars to $28.8 million Above Budget: 1 November 2024
🤔 Watercare’s growth related revenue soars to $28.8 million above budget (pg 25) as Otara’s sewer system is at capacity with no upgrade in sight.
The money was to pay for growth. It seems that they got more houses than estimated.
Now Otara/Papatoetoe is out of capacity. There was a lot of in-fill there.
If the cost of the Otara Local Sewer upgrade is budgeted at $27 million, why don’t they just allocate the $28.8 million to it?
More density means more money for Watercare; the smaller the houses the more revenue as houses pay the same rate unless really small.
About the author
Kirsty Merriman
For years I would plan houses, travel widely and observe communities. I also had the privilege of working for New Zealand's largest dairy company in both New Zealand and Malaysia. All the while supported by my husband and young daughter. After a while, our roles swapped and we moved to the Arabian Gulf. Meanwhile my passion for property and communities continued to simmer.
Along came COVID and had no choice but to pivot... in the words of Robert Frost, I looked for and "found the road less travelled by" and decided that maybe I could "make [a] the difference".
I look for to find insights and built a few of the houses that we need. This means a saleable house and a profitable and sustainable business.
