Empty offices
Sir, —I read that Christchurch has “seven towers” of empty office spaces, and that this “compares well with Auckland and Wellington where the rates are 14 per cent and 11 per cent respectively.” Has anyone totalled up the cost to this country of such “white elephants” (more think big schemes gone wrong)? After all, someone has to pay; not only for the erection of such unnecessary structures,
but the demolition of the -preexisting ones. Presumably the people who have to pay are citizens who would otherwise get cheaper insurance, banking or whatever facility the companies that built these surplus buildings represent. Indirectly, we must all be bearing the cost of every bankruptcy, failure or wastage. Directors should thus be accountable, not only to their companies, but to the public at large. — Yours, etc., A. J. N. STOCKDALE. July 24, 1989. .
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Press, 29 July 1989, Page 20
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142Empty offices Press, 29 July 1989, Page 20
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