Councils lending money for commercial projects

Alf Grumble MP highlights some disturbing decisions at the :

Hutt city councillors last week gave approval in principle to a secret deal to help finance a $22 million apartment tower.

Councillors met last Tuesday behind closed doors to discuss an application by Merge Property Group for a loan for Twelve Daly, the 12-storey complex first unveiled in July 2007.

The Hutt News understands that councillors agreed to the request by a majority of one.

We have for commercial property , not Councils.

The solution to stop happening again seems to be to shoot one of the Councillors that voted for this.