Timaru council to ditch loss-making car park
Silverfin, of which Macaulay is also a director, took over the car park's management. Fellow Silverfin director Mark Perriam pledged to investigate whether an active lease existed or not.
Dixon said the pay and display meter in the car park would likely be used for spare parts. The meter was "on its last legs anyway" because the council had deferred replacing it while the lease was in question.
The council would put a metal parking sign and a height barrier in storage and sell them for scrap if no use for them could be found.
The car park's owners could face further challenges after the council leaves. The report stated the car park might need earthquake strengthening and its markings needed repainting.
The largely untenanted mall beneath could also face competition from Silverfin's directors for tenants.
Macaulay is a director of Timaru Retail Project, the company behind the $10 million The Landing commercial development on Elizabeth St, and Perriam is the project manager.
He revealed on Wednesday the development, which is expected to be completed in 2016, had 577 square metres of untenanted retail and office space.
- Stuff
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