Bay of Plenty Regional Council has confirmed plans are on hold to restructure its $3 billion-plus investment portfolio. It comes after Local Government Ministe…
NZ Herald ·
Great so Watts is meddling in local council decisions now. What's next, telling us how to milk our cows?
stuffed, plenty of other stuff he could be doing instead of interfering.
Honestly glad they're pausing. Rushing a restructure of $3 billion is asking for trouble. Let's do it properly eh.
but better to wait than make a billion-dollar mistake.
Typical council, big portfolio and still can't fix the potholes on my street.
my point. They've got billions but can't fix a few roads.
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Who even benefits from this pause? Feels like another political stall.
this is just more talk, no action as usual.
the investors, mate. Or the MP who made the call.
wtf?? we've been waiting for this restructure for months and now it's on hold cos some MP got a call?
Yeah nah, good call. No need to rush into anything with that much money on the line.
ffs just leave the bloody fund alone, it's making money isn't it?
not if they're fighting over what to do with it.
As someone in the industry, a pause makes sense. These things are complex and councillors clearly aren't aligned.
let the professionals handle it before the politicians screw it up.
More bureaucracy and delays. Classic NZ.
Minister Watts needs to focus on actual issues, not local council investment strategies.
