"Urban regeneration specialist urges Timaru to consider its heritage as part of its future" Timaru Herald Online Article
"Hazelton urged Timaru to look to neighbouring city Dunedin for inspiration, and said the most sustainable approach was looking at what it already had.
“Most of the time when we do have a building get demolished it does just become a car park because the cost of reconstruction and cost of building a new building is so great that the return people have to get from it – you can't rent things for that expense in Dunedin,” Hazelton said.
"Hazelton also spoke about the sustainable aspect of regenerating heritage buildings instead of demolishing them, and the way the Dunedin City Council had regenerated it CBD’s heritage buildings by repurposing them
Coronavirus: Bringing back depreciation of commercial and industrial buildings a boost for property owners -Stuff Online
" ...As part of the $2.8b support package for business, the Government has reintroduced building depreciation deduction claims for property owners with commercial and industrial properties, at a level of two percent a year, ... " (Chief executive of the Property Council Leonie Freeman) In addition, the Government has indicated that new deduction claims will be available for seismic strengthening costs at 2 percent per annum as part of this latest move. ...