The Dominion Post reports that the former CIT site in Heretaunga, closed since 2001, is costing taxpayers $450,000 per year to maintain.
CIT featured in our meet the candidates meeting on Thursday last week. One of the questions we were asked was what we'd do with $100m. I responded that I'd reopen CIT as a science & technology park.
I'm aware of an investor who is interested in the CIT site, but the potential future owners, Ngati Toa, will need to be convinced. I will strongly advocate that CIT is used, and not left to rot.