Auckland Council’s finance & performance committee agreed last week to contribute $15 million toward restoring the St James Theatre.
The committee made the decision on a 16-3 vote in the confidential section of its agenda on Thursday 19 November. The result was released in the committee minutes, but the report & documents remained confidential.
The contribution is in principle, and up to $15 million from the council’s built heritage acquisition fund, and will be made alongside contributions from theatre owner ReliaNZ Holdings LP, the Government, philanthropic organisations & other potential funders.
Council conditions include an appropriate legal structure for ownership & control, and operational management that ensures continued public access.
8 November 2014: 39-storey apartment tower to rise on St James site, theatre to be restored
Attribution: Committee minutes.