PORT HILLS LAND ANNOUNCEMENT 29 JUNE 2012

285 residential properties in the Port Hills have been zoned red, and the Government’s red zone offer will be extended to the owners of those severely at-risk or largely destroyed properties.  These properties are considered to have been subject to, or are in grave danger of, severe cliff collapse (191 properties) or rock roll (94 properties).

The cost of buying the 285 red zoned properties will be shared equally by the Crown and the Christchurch City Council and is expected to be around $205 million, taking into account purchase price and transaction costs.
A further 158 properties will remain in the white zone pending further investigative work. A decision on these properties is expected in around six weeks.

Also in this announcement, around 1100 properties in the Port Hills have now been zoned in the green zone. Parts of the newly green-zoned area will be monitored by the council for any future risk of susceptibility to cliff collapse or landslide.

Further individual geotechnical assessment may be required before a decision on repair or rebuilding work can be made for properties in the new green zone.  This will be addressed by EQC and insurance companies under normal insurance processes.