But Kerr’s plan has been criticised by the council’s urban development agency, Development Christchurch Limited (DCL), which completed a preliminary due diligence report on the proposal. DCL’s report stated: “There are commercial and financial aspects of ORC’s proposal that are not sufficiently robust to be capable of acceptance in whole or in part at the current time.” The risks were high, it said.
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The Christchurch City Council has decided not to endorse Rob Kerr’s river red zone, for now, but the door is still open. However, it noted the proposal merited further progression, given the significant community, environmental and economic benefits to be gained.