Gerry Brownlee reports:
The Minister for Canterbury Earthquake Recovery, Gerry Brownlee, and the Mayor of Christchurch, Lianne Dalziel, today outlined plans to establish Regenerate Christchurch – a joint entity tasked with overseeing the long term development and enhancement of the Central City, residential red zone, New Brighton and other potential regeneration zones. …
Regenerate Christchurch will be jointly owned and funded by the Crown and the Christchurch City Council. It will have a board which will report to both the Crown and Council. After five years the organisation will transfer to the city as a fully Council Controlled Organisation (CCO).
Appointing an independent Board ensures that Regenerate Christchurch will be managed in a completely different way to the current entities, the Canterbury Earthquake Recovery Authority and the Christchurch City Council.
Having it eventually revert to full Council control is the right thing, along with having an independent board.