|Proposed hotel in Dunedin (photo from Radio NZ website)|
The builders of these boxes offer glossy pictures and marvelous stories of tourist bonanzas but the reality is different. Just consider the Mantra Complex in Ettalong Beach, an hour train ride north of the Sydney CBD.
|Mantra Complex in Ettalong, NSW|
Nowadays those investors tell a different story. They cannot get rid of their investment, no matter what price they put on it and I have heard people who live there feel trapped as they cannot sell. Just look online at the apartments for sale. In Sydney the majority of 2 bedroom apartments sell for between $450,000 and $800,000 while the 2 bedroom apartments at the Mantra are selling for less than $200,000. The other day I saw an ad for a nice apartment there for $135,000.
The Gosford City Council is unrepentant and recently approved a second complex at Ettalong. There is definitely something wrong with our local government system (infiltrated by developers no doubt) when such travesties are foisted on local people against their will.
Dunedin, be grateful you have a sensible council that listens to its people. (Perhaps the Stadium debacle has resulted in a more community centric council?)
|Looking up the Leith River in Dunedi.|
(Painted on a wooden square grid.)
If someone wants to build a hotel, let them build something with dignity, but no higher than these University of Otago buildings that I used as part of my 'grid' project in first year of art school.