Dunedin’s hopes for a $100 hotel on the waterfront are over after a report due on March 21 had still not been delivered over 3 weeks later. Developer, Jing Song, decided that she had been strung along by the Dunedin City Council for too long and terminated the project.
An ODT editorial says:
The bottom line is someone was looking to spend more than $100 million in the city and it appears that is not going to happen now. A large opportunity has been lost.
Mile Hosking has also commented:
How many five star hotels does Dunedin have? None. Why? Because they drove the developer nuts and they’ve packed up their bags and gone home.
So Much for “Red Carpet, Not Red Tape”.