The building sector is "on its knees" and an international convention centre could be its saviour, according to the boss of New Zealand's largest building business.
Jonathan Ling, Fletcher Building chief executive, confirmed Government estimates that 1000 jobs would be created in putting up a proposed $350 million, 3500-seat Hobson St centre and these would easily run three to four years with trades people and professionals earning around $40,000 to $200,000 a year.
The Government says SkyCity's centre would generate $85 million a year in tourism spending, employ 1000 people during construction and create 800 jobs when the doors open.
Mr Ling outlined huge benefits in manufacturing and installing products, and employing subcontract-ors to put up the centre, which he said would flow through the entire economy at a time when house-building was at a 50-year low, state sector work had dried up and many private developers had left the market.
"The construction sector is on its knees, there's no work. It's just Wiri and Waterview and apart from that, the jobs aren't very big," he said, referring to the $300-million new prison confirmed this year and the $1.3 billion motorway connection, $400 million of which is Fletcher's.