It leases 2166sqm from Hamilton City Council and due to its perpetual lease agreement, controls 86 per cent of the entire site. Its June council agenda says the polytech's cash neutral position relies on a land sale of $1.9 million. "This of course requires final approval from Hamilton City Council. We are nearly ready to go to market, and are currently working with the Hamilton City Council on this," Andersen said. They were "an earthquake risk and a general risk to the public", according to the Hamilton City Council agenda.

Source: Stuff July 05, 2019 04:52 UTC