More than 9000 people are expected to be living in Hamilton's Peacocke area within the next decade. The exercise could see up to $120 million of Government cash transferred into an “off-balance sheet structure” and give the council more wiggle room when it comes to debt. In 2017, the city council secured a $180.3m 10-year interest-free loan from the Government and $110.1m in Waka Kotahi NZTA subsidies. Tom Lee/Stuff Hamilton City Council growth programmes manager Karen Saunders (file photo). Councillor Dave Macpherson​ said after travelling through the roundabout, he wondered if council staff had considered entering it into the competition for New Zealand’s largest roundabout.

Source: Stuff February 18, 2021 03:56 UTC