Bernie Smith: Housing Trust says government could have negotiated better in Rotorua motel purchase - The Mike Hosking Breakfast

There is a suggestion the Government's been ripped off in its purchase of a Rotorua motel.
Kainga Ora's bought the Boulevard Motel on Fenton Street for more than eight million dollars, which it's going to turn into short-term housing for 80 people.
Some local real estate agents have told Newstalk ZB it's only worth about half of that.
Monte Cecelia Housing Trust chief executive, Bernie Smith, told Mike Yardley this is taxpayers' money.
“It’s being used by a government department that could have negotiated a heck of a lot better than they have in this instance.”
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