Property owners in the Port Hills residential red zone have an extra three months to decide whether to accept the Crown's offer to purchase their land.
Canterbury Earthquake Recovery Minister Gerry Brownlee today announced an extension of the deadline to 31 August 2014, instead of 31 March 2014.
"This extension follows a previous extension from 31 January 2014 to 31 March 2014, in recognition of the delays in announcing the result of a review of zoning in the Port Hills until last week," Mr Brownlee said.
"It's now become clear that we need to give those red zoned property owners - particularly those whose properties have gone red in the review - more time in which to carefully consider the Crown's offer, get all the advice they need, and to make an informed decision."
As a result of the review announced last week, the zoning changed for 270 properties - with 237 properties going from green zone to red, and 33 properties going from red to green, brining the total number of red zone properties in the Port Hills to 714.
