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ALMOST DOUBLED

COST OF PROPOSED FLATS

WANGANUI disappointment

O.c. WANGANUI, this day. Because the cost of a proposed block of municipal flats has almost doubled since the project was mooted, it will how be impossible to rent flats within the means of pensioners as was originally intended.

This was disclosed at a meeting of the Wanganui City Council, when it was decided to seek the authority of the Local Government Loans Board to raise a loan for £8500.

Questioned concerning rentals, the city treasurer, Mr. F. J. Best, agreed that they would have to be substantially higher than first estimated. Most councillors agreed that the name "pensioners" would have to be deleted from the project because the primary object of the scheme was defeated by the increased cost.

"At first we were told that the project would cost £4500," said Mr. A. R. Donaldson. "Then the price went to £6500, and now it is to be £8500." .

It was quite obvious that because of the high building costs pensioners would not be able to afford the rentals, said the Mayor, Mr. W. J, Rogers M.L.C. "1 can assure you we all have misgivings and feel disappointed." he added. Councillors agreed that even if pensioners could not afford to live in the new flats the project would be a definite help to the housing position of the city.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS19450809.2.10

Bibliographic details

ALMOST DOUBLED, Auckland Star, Volume LXXVI, Issue 187, 9 August 1945

Word Count
227

ALMOST DOUBLED Auckland Star, Volume LXXVI, Issue 187, 9 August 1945

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