A Wellington City Councillor is defending his comments on a commercially-sensitive Council deal.

The Post reports Council is looking to buy the site where Reading Cinema stands, for $32 million dollars.

The boarded up Courtenay Place complex has been closed for years.

Councillor Ray Chung is one of five people under a code of conduct investigation, around alleged breaches of confidentiality.

He's reiterating his feelings about the deal.

"I don't believe that this is a good thing for the city council to be getting into, getting a commercial proposal. Because we don't have any money to even fix our own buildings."

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