Opinion
SkyCity is no longer seeking a government contribution to build its controversial convention centre.
Economic Development Minister Steven Joyce today announced that SkyCity had agreed not to pursue a financial contribution from the Government and would instead amend its design to ensure the facility can be completed without financial input from the Crown.
SkyCity chief executive Nigel Morrison said the company respected and accepted the Crown's decision.
"Accordingly, we have agreed to review the design for the NZICC so that the expected total project cost, which SkyCity will be totally responsible for, will be more in the vicinity of SkyCity's $402 million commitment, as set out in the NZICC agreement."
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