Infometrics December newsletter
How unequal are our regions?
Over the past year we have heard much about regional inequality, with the term "Zombie town" popping up every few weeks in the media. The debate has contributed to the perception of growing, prospering cities and declining rural areas. This article compares New Zealand’s regional income inequality with that of other countries around the world.
Getting regional facilities and services right
Wellington City Council has recently approved the construction of a 1,200-seat convention centre in Wellington, which the Council will lease on a long-term basis from the developer at a cost of $4m per year. The aspect of this deal that has unsettled residents and ratepayers is the projection that revenue from the convention centre is only expected to average $2m per year, leaving a $2m shortfall. The fact that the Council is embarking on this project knowing, ahead of time, that it will be a loss-making venture, provides an obvious reason as to why we haven’t seen private sector investment in this space in the past, and has led some people to question the business acumen of the Council.