Tauranga's swimming pools and event venues are to be managed by a new consolidated company, following a Tauranga City Council review.
Tauranga City Aquatics Ldt (TCAL), which manages the city's swimming pools, will be merged with Tauranga City Venues Ltd (TCVL), which manages TECT Arena and Baypark, in July next year.
The council's venues and events activities, excluding Baycourt, will also be transferred to the new Council Controlled Company, as will the council's indoor space activities.
The new company will employ 140 full and part time staff, 40 casual staff and 80 contractors.
It will manage assets valued at between $140 million and $160 million.
Staff positions at TCAL and TCVL will not be effected by the changes, and staff in council's venue and events activities department will be offered similar positions at the new company.
Mayor Stuart Crosby said the streamlined model for CCOs is designed to create efficiencies and clarity of functions across council's leisure and event-related activities.
The changes were intended to improve financial sustainability across the leisure and event activity and ultimately reduce the rates subsidy, Mr Crosby said.
"A big driver for this is improving the value of community assets by maximising their use. We need to make sure our assets are configured and aligned to deliver the best services we can and create opportunities for new business activities."