Guests at TVNZ's building refurbishment opening by Prime Minister John Key this morning got an idea why the job grew from just over $30 million to $60.3 million.
Technology upgrades, extensive use of bright neon tubes, an atrium refitted in an industrial chic style, a 36sq m three-level giant reception TV screen, commercial cafe, new airbridge, wall art, glass balustrades, new stair configuration and new newsroom for about 130 people were just some of the features on show in the building, occupied by about 600 people.
"Welcome to the newest nightclub in downtown Auckland," Te Karere presenter Scotty Morrison told staff, the board and guests, referring to the three-year changes which saw the building's weathertightness issues fixed, internal offices demolished for a new open-plan style, its marae moved and skeleton exposed, all with a theme which mixes plywood with bright primary colours against the building's newly exposed original concrete pillars and posts.
Joan Withers, TVNZ chair, told the Herald the land and building at 100 Victoria St were now valued at $118.6 million and all the changes were funded internally by TVNZ without any Government contribution.
Withers and chief executive Kevin Kenrick said two Hobson St sites now owned by SkyCity Entertainment Group went for $16 million, an Avalon building in Wellington was sold for $5 million, the archive at Avalon was sold for $9.3 million and dividend forgiveness over a 2.5 year amounted to $32.6 million.