RNZ
The future of the New Zealand Agricultural Show appears to have been saved after a deal between the trust that runs it and the Christchurch City Council.
Earlier this month financial constraints were blamed for the cancellation of this year’s agriculture show in Christchurch.
On Wednesday, Christchurch City Council general manager citizens and community, Andrew Rutledge, said the council would pay $5 million to purchase the remaining 95 years of the lease for Canterbury Agricultural Park, 5ha of council land on Wigram Rd.
The agreement requires the Canterbury Agricultural and Pastoral Association (CAPA) to use $1m to repay an existing loan with the council.