A Christchurch City Councillor says their lifeline to the A&P Association isn't a grant.
The board canned this year's A&P Show, saying it would be unwise under its current finances and business model.
The association's now breaking the 100-year lease on its Wigram Road site, with the council paying about a million dollars a hectare to buy the remaining 95 years.
Christchurch City Councillor Sam MacDonald told Mike Hosking the council is putting money into a capital protected fund.
He says the association won't have to come back for handouts due to the interest, adding it's a win-win as council can also use the land.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Hey Jonas!
Hey Jonas! The official Jonas Brothers podcast. Hosted by Kevin, Joe, and Nick Jonas. It’s the Jonas Brothers you know... musicians, actors, and well, yes, brothers. Now, they’re sharing another side of themselves in the playful, intimate, and irreverent way only they can. Spend time with the Jonas Brothers here and stay a little bit longer for deep conversations like never before.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com