Newmarket RC

Auckland Trotting Club

43 posts in this topic

On 2/13/2015 at 3:34 PM, ivanthegreat said:

As a passionate trotting fan I can't believe this is anything other than an urban land grab by property developers ( not that they are invisible ). After all where else could you find another development site in such a prime part of the city ?

Despite the promises will the track go back to the showgrounds or Waikaraka park between stock car racing.........go on convince me.

By the time we realise we have been duped , those responsible will be long gone with their golden parachute's.

One down 4 to go

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2 hours ago, scooby3051 said:

So what happens to all the investors???How could this have ever happened???

Cant say 100% what is going to happen to investors but leaving people who are not 100% savy in property development to do this project might not have been the smartest thing IMHO. Even the best can easily come unstuck .

There is mention in some circles that there were some foundation issues that may have needed to be addressed from a compliance point of view. I suppose its a watch this space type of scenario from here on in.

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4 hours ago, Newmarket RC said:

One has to wonder if there was a farewell payout or  a PG lodged.? Not unusual in many CEO departures these days

Given the legal situation NM, and the possibility of multi million dollar payouts...you wouldn't think so, but anything possible these days.

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5 minutes ago, Ohokaman said:

Given the legal situation NM, and the possibility of multi million dollar payouts...you wouldn't think so, but anything possible these days.

Thats why i said it is a watch and see for now Ohokaman. Its a real mess though from the outside looking in IMHO

Hows that CHCH airport hotel coming along, i heard their were some issues with it as well.

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32 minutes ago, Newmarket RC said:

Thats why i said it is a watch and see for now Ohokaman. Its a real mess though from the outside looking in IMHO

Hows that CHCH airport hotel coming along, i heard their were some issues with it as well.

Yep...should have been opened by now..steel problems there too ( NZ this time ) but thankfully sorted before installation.

They are still hoping to open before year end.....but it's a "watch and see" there too......:rolleyes:

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4 minutes ago, Ohokaman said:

Yep...should have been opened by now..steel problems there too ( NZ this time ) but thankfully sorted before installation.

They are still hoping to open before year end.....but it's a "watch and see" there too......:rolleyes:

So it's way late in terms of completion as well.

I heard there were lots of issues with it.

 

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1 hour ago, Fartoomuch said:

That's the multi million dollar question if its correct.

The whole project looks to be a shambles based on the press reports.

There have been problems but do you really believe the press reports? I mean REALLY ???? The press is first and foremost about sensation. Anything to do with the facts comes a poor second.

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10 minutes ago, Blue said:

There have been problems but do you really believe the press reports? I mean REALLY ???? The press is first and foremost about sensation. Anything to do with the facts comes a poor second.

Whilst you might be right Blue im picking the reports are actually under reporting this whole issue. Lets wait and see shall we.

 

 

 

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2 hours ago, Blue said:

There have been problems but do you really believe the press reports? I mean REALLY ???? The press is first and foremost about sensation. Anything to do with the facts comes a poor second.

Leaving the pathetic, biased press out of it Blue, the lack of progress surely speaks for itself. Wouldn't happen with the Waiparera Trust (John Tamihere as mayor) in charge!!:rcf-laughing-2:

I'm picking plenty will bail out as heaps of apartments are coming on stream in Auckland and there is also a bit of a price stagnation. No guarantee that this toxic project will ever be completed and any new contractors will be wanting price escalations I suspect.

Besides would YOU want ATC having anything to do with a lease/body corporate after their performance to date?

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7 hours ago, Patiti said:

Is that Rod Croon from the NZRB.

Interesting................

Presume so. The Harness rep on the Board who got sucked in by the sports members on the board to go with the OpenBet/PaddyPower disaster.

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Chevy I understand the new construction company what is completing the stalled first stage couldn’t agree a price with the ATC and are now working for ATC on a day to day to day basis. The ATC is now the running the project. This method is going to cost the club big time.

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