cites the example of an Auckland City Council decision around 2006 that required central city apartment developers to pay a development levy towards public spaces.
"It had a catastrophic effect," says Townsend. Developers disappeared overnight.
Too often clever ideas such as this by local and central government kill off the goose that lays the golden egg, he adds.
http://www.nzherald.co.nz/business/n...ectid=11809269
"It had a catastrophic effect," says Townsend. Developers disappeared overnight.
Too often clever ideas such as this by local and central government kill off the goose that lays the golden egg, he adds.
http://www.nzherald.co.nz/business/n...ectid=11809269
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