Christchurch’s new earthquake recovery authority will be substantially smaller than its predecessor.
It is understood Regenerate Christchurch, confirmed in an announcement on Friday, will consist of about 30 staff. It will be complemented by the Christchurch City Council’s newly-established development company, Development Christchurch Ltd, and a new Crown entity – CrownCo.
Good to see a Government entity getting smaller!
CrownCo will oversee the Crown-led anchor projects, such as the convention centre, metro sports facility and east frame, and some other objectives for Crown-owned land. It will be established under the Public Finance Act.
Even combined, Regenerate Christchurch and CrownCo will likely be much smaller than Cera. As of July, Cera had about 360 full-time and seconded staff.
Who came up with the name – CrownCo? Not going to win originality awards!