Anglicans have voted to restore the Christ Church Cathedral. …
The deal included a $10 million Christchurch City Council (CCC) pledge, a Great Christchurch Buildings Trust (GCBT) pledge of $13.7m, a $10m Crown cash contribution and a $15m government loan that would not have to be paid back if certain conditions were met. The pledges, along with the church’s insurance proceeds of nearly $42m, amounted to just over $90m of the estimated $104m restoration cost.
So the funding looks to be:
- Insurance $42 million
- Taxpayers $25 million
- Ratepayers $10 million
- GCBT $14 million
- Anglician Church $13 million
Not wild over $25 million from taxpayers towards it, but at least there is now a decision and development can happen in the region around teh Cathedral based on some certainity.