The Dunedin City Council has asked for the Government’s help as it investigates a $132 million programme to buy up properties in South Dunedin as part of efforts to adapt to climate change.
After information was leaked to the Otago Daily Times, the council issued a statement late yesterday afternoon confirming it had started early discussions with Treasury about Government support for a voluntary property acquisition scheme.
It confirmed in the statement early thinking on strategic property acquisition had been discussed with the Government in recent months and had been developed into a draft indicative business case, which had been submitted to Treasury.
It said under the approach being considered, no one would be forced from their homes.
Instead, property would be bought voluntarily on the open market, acquired gradually over decades and then used to enable the South Dunedin climate change adaptation strategy, now under development.