Holding company plan pushed ahead
A holding company to manage Auckland City Council’s commercial assets has been approved – with a caution from mayor John Banks on having “blind faith” in the private sector.
Mr Banks said at Thursday’s council meeting he’s holding the proposal “with light hands”.
“This council doesn’t have a great record at appointing great people to our boards to look after our assets.
“I have more confidence in public sector officials looking after public assets than I do in private sector businessmen looking after public assets.”
Mr Banks said some appointments to public boards left him “disillusioned, bewildered and disappointed”.
But if there were sound reasons to transfer an entity to the holding company, he’d be prepared to look at it.
Establishment of the company was approved on the basis that no assets would be moved immediately. The public will have a say on any assets put forward for transfer in future.
City Vision-Labour leader Richard Northey failed to have a list of assets excluded, including libraries, swimming pools and the zoo.
Finance and strategy committee chairman Doug Armstrong told the meeting nothing could be “absolutely” ruled out.
“But the obvious social activities and assets that we all recognise as core business of the council won’t be moved into a holding company.”