INDEPENDENT NEWS

Cable Car will not be sold

Published: Thu 19 Aug 1999 02:18 PM
Media Release
19 August 1999
Cable Car will not be sold
Wellington Alive and Labour City Councillors have decided not to pursue the proposed sale of the Wellington Cable Car but want the well-loved Wellington icon's operators to think outside the square.
The proposed sale raises complex Town Belt, Reserve Land and other issues that would make any deal unworkable.
"The Cable Car will not be sold - we've put the idea in the 'too hard' basket," says Mayor Mark Blumsky.
"But proposing the sale has been an interesting exercise. We've had good offers from several operators all of who had amazing ideas about how to improve the service and add value to the Cable Car.
"The Cable Car is a great asset to Wellington but I think it could be even better. We've now seen some new ideas and I'm going to ask the Wellington Cable Car Company to come up with some innovative ways to add even further value to the service."

Next in Business, Science, and Tech

Norris steps down as Fletcher chair after $486M provision
By: BusinessDesk
Concerns with suggestion to “scrap” fishing monitoring
By: WWF
Genesis’ plan to keep coal burning until 2030 stuns
By: Genesis
NZ Prime Minister recognises science that saved kiwifruit
By: Plant and Food Research
Fund encourages lower-emissions technology
By: New Zealand Government
Formica may be non-core, saleable asset for Fletcher
By: BusinessDesk
Investors have 4-month wait for 'new-look' Fletcher Building
By: BusinessDesk
MARKET CLOSE: NZ shares dragged lower by Fletcher Building
By: BusinessDesk
UPDATE: Fletcher stock drops 13% as Norris steps down
By: BusinessDesk
Fletcher extends trading halt until Wednesday
By: BusinessDesk
Scale of Fletcher debacle “gobsmacking”
By: E tu Union
Sub-Contractors: Fletcher's Needs to Place Blame on Doorstep
By: Specialist Trade Contractors' Federation
Embattled Fletcher Building to face protest tomorrow
By: Save Our Unique Landscape
We welcome refusal to bail-out Fletcher Building
By: New Zealand Taxpayers' Union
Fishing boss admits it's "commonplace" to not report bycatch
By: Forest and Bird
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media