Nicola Young: Wgtn Councillor on the end of Reading Cinemas negotiations
Heather du Plessis-Allan Drive · Newstalk ZB
April 23, 20242m 35s
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Show Notes
The controversial Reading Cinemas deal is off.
Wellington City Council announced this afternoon that it's ended negotiations because they couldn't get the best possible outcome for Wellingtonians.
Under the proposed deal, Wellington Council was set to buy the Reading Cinemas land for $32 million, then sell it back to Reading after a decade as a way to finance a future refurbishment.
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Topics
reading cinemas