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Home / Business / Economy / Employment

SkyCity convention centre deal passed in Parliament

APNZ
12 Nov, 2013 04:26 AM2 mins to read

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The SkyCity national convention centre.

The SkyCity national convention centre.

Legislation to allow the building of a $402 million international-standard convention centre in Auckland passed its third and final reading in Parliament today.

"For the last 20 years the tourism industry and business sector have been seeking an international-sized convention centre to be built in New Zealand to ensure we compete with Australia and Asia by tapping into the growing market of high-value business visitors,'' Minister for Economic Development Steven Joyce said.

"The 3500-seat Convention Centre will generate significant spin-off benefits including a projected $90 million annual injection into the economy; an estimated 1000 jobs during construction; and 800 jobs once it is up and running.

"For little, if any, investment by taxpayers, New Zealanders will reap the benefits of a $402 million international-standard convention centre including an increase in GDP, new jobs, improved competitiveness as a business events destination and the attraction of more investors to New Zealand.''

Labour Leader David Cunliffe said a Labour government would not be bound by National's "shonky deal with its corporate mates at SkyCity''.

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"If the convention centre is half built, we won't dig up the foundations, but neither will be bound by this gold-plated deal,'' he said in a statement.

"There are no guarantees of extra gaming tables, there are no guarantees of extra pokie machines and there are certainly no guarantees of compensation.''

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