Demolition is under way for the HWCP rebuild of part of Invercargill's inner city block. Supporters of the multi-million dollar inner city block upgrade in Invercargill say it must be finished but others say the risks are now too high from when the project was first pitched to ratepayers. READ MORE:* Invercargill ratepayer group supports more council cash in CBD build* Invercargill CBD development hinges on council pumping in extra $16m* Invercargill City Councillor wants to hit up Government for CBD investmentThe Southland Chamber of Commerce has already publicly stated that it supports council investing more money into the redevelopment. "... all small businesses probably suffered from the consequences of the Covid pandemic. The initial proposed investor make-up for the city block was: Invercargill City Council ($25m), Provincial Growth Fund ($19.5m - loan), O'Donnell family (up to $25m), Community Trust South ($20m) and Geoff Thomson (up to $25m).

Source: Stuff June 14, 2020 19:52 UTC