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
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
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.
The Nikki Glaser Podcast
Every week comedian and infamous roaster Nikki Glaser provides a fun, fast-paced, and brutally honest look into current pop-culture and her own personal life.