the City Centre Catalyst Initiatives plan<\/a>, which identified Lowe St as a connection corridor to the river.<\/p>\n\u201cThere are plans afoot to further develop the area to be more pedestrian and family friendly.\u201d<\/p>\n
The company was supportive of the council\u2019s endeavours to improve the inner city and \u201ckeen to see the city move forward\u201d.<\/p>\n
Gisborne Holdings Ltd is a council-controlled organisation. The council is the sole shareholder and appoints its directors.<\/p>\n
In the council\u2019s 2024\/25 annual report, adopted on October 2, it said the council\u2019s investment strategy with GHL aimed to increase income stream from commercial assets and increase the community\u2019s economic value.<\/p>\n
Local Democracy Reporting understands Trust Tair\u0101whiti is looking at purchasing Gisborne\u2019s Emerald Hotel, located at 13 Gladstone Rd in the block that runs from Lowe St to Reads Quay.<\/p>\n
In a statement, the trust\u2019s general manager of economic development, Hayden Green, did not confirm or deny the intention.<\/p>\n
The trust was focused on supporting the revitalisation of Gisborne\u2019s city centre, and continued to work alongside the council and Rongowhakaata Iwi Trust on the city centre catalyst initiatives, Green said.<\/p>\n
This year, Trust Tair\u0101whiti would focus on placemaking projects that contributed to \u201ca more vibrant and welcoming city centre\u201d, he said.<\/p>\n
\u201cIn our role as the economic development agency and regional tourism organisation for Tair\u0101whiti, we regularly assess opportunities that enable investment, strengthen local businesses and enhance the overall vitality of our place.\u201d<\/p>\n
The council website states that Trust Tairawhiti is not a purely commercial organisation and its decisions have a significant public effect.<\/p>\n
\u201cThe trust\u2019s funds will also ultimately revert to Gisborne District Council at the termination of [the] trust on May 7, 2073.\u201d<\/p>\n
LDR is local body journalism co-funded by RNZ and NZ On Air.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cWe will not be disclosing the purchase price until it becomes publicly available, as we may breach privacy…\n","protected":false},"author":2,"featured_media":326674,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[74,16717,1972,11231,3241,674,3391,10001,3088,7558,7557,175948,2109,46009,53840,12506,85915,90760,130,111,43,139,69,33551,2171,104095,175947,74841,51212,11420,1361,61],"class_list":["post-326673","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-after","tag-becoming","tag-block","tag-boost","tag-bought","tag-building","tag-buys","tag-closer","tag-commercial","tag-councils","tag-district","tag-encompasses","tag-family","tag-flats","tag-friendly","tag-gisborne","tag-holdings","tag-lowe","tag-more","tag-new-zealand","tag-news","tag-newzealand","tag-nz","tag-pedestrian","tag-plans","tag-revamp","tag-riverend","tag-riverside","tag-shops","tag-st","tag-that","tag-to"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/326673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=326673"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/326673\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/326674"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=326673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=326673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=326673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}