A Christchurch City Councillor says their lifeline to the A&P Association isn't a grant. 

The board canned this year's A&P Show, saying it would be unwise under its current finances and business model.

The association's now breaking the 100-year lease on its Wigram Road site, with the council paying about a million dollars a hectare to buy the remaining 95 years. 

Christchurch City Councillor Sam MacDonald told Mike Hosking the council is putting money into a capital protected fund.

He says the association won't have to come back for handouts due to the interest, adding it's a win-win as council can also use the land.

LISTEN ABOVE

A Christchurch City Councillor says their lifeline to the A&amp;P Association isn't a grant.  
The board canned this year's A&amp;P Show, saying it would be unwise under its current finances and business model. 
The association's now breaking the 100-year lease on its Wigram Road site, with the council paying about a million dollars a hectare to buy the remaining 95 years.  
Christchurch City Councillor Sam MacDonald told Mike Hosking the council is putting money into a capital protected fund. 
He says the association won't have to come back for handouts due to the interest, adding it's a win-win as council can also use the land. 
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

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