The controversial Reading Cinemas deal is off.
Wellington City Council announced this afternoon that it's ended negotiations because they couldn't get the best possible outcome for Wellingtonians.
Under the proposed deal, Wellington Council was set to buy the Reading Cinemas land for $32 million, then sell it back to Reading after a decade as a way to finance a future refurbishment.
LISTEN ABOVE

Enda Brady: UK correspondent speaks ahead of Trump appearance at NATO summit
03:54

Hamish McKay: The Country spokesperson on the impacts of the rain in Kaikōura
03:25

The Huddle: Should we be worried about China?
09:29