Loan for Avon Loop approved

Press, 13 August 1980, Page 6

Loan for Avon Loop approved

Parliamentary reporter . '< The Government has approved a loan of $320,000 to the Christchurch City Council so that if can begin , work on its'Avon. Loop project. : Announcing. this yesterday, the Minister of Housing (Mr Quigley) said the loan would be made under the community and housing improvement programme and would be used by the council to build nine public rental flats in Bangor Street • The Avon Loop, 10 minutes walk from Cathedral Square and close to schools and. shops, was ideal for development under the scheme. j "Since 1972 the .council! has considered the area ripe for residential development I

I and I am pleased that progress is being made. The council intends to reduce veI hicular movement to a minimum, exclude non-residen-tial uses, landscape the area, and improve housing ; tieveb opments,” Mr Quigley said., ; "I am. extremely pleased that this loan has been approved. I understand that the whole area known as the Avon Loop is soon ,to he declared a neighbourhood improvement area under the improvement scheme.” The immediate aim of the council — to develop a housing scheme in Bangor Street — would set the. standard for future development and -help to solve Christchurch’s inner-city. accommodation problems, Mr 'Quigley said.