The North Shore City Council has scrapped an unpopular cash-in-lieu rule for developers or businesses which fell short on car parking space requirements.
The council used the cash to develop off-street parking spaces in and around business centres when developers were unable to comply with district plan parking standards.
It holds $5 million in a fund for buying land and providing parking in the areas where the payments were made.
About half has been set aside to partly fund a 750-space public car park in the Merge high-rise development proposed for the old gasometer site.
In 2004, businesses complained when the council brought in a fixed formula for cash-in-lieu based on land values.
They were unhappy at the added cost, which they would not have to pay in another council's area, and the delay between paying the money and seeing extra parking for customers.
Yesterday, councillors made withdrawal of the rule effective from last November.
The change was described as bringing more benefits than the revenue lost.
Council drops cash-in-lieu rule
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