It looks like the rebuilding of Christchurch will happen, if it happens at all, without the folk who built it in the first place--“as quake-weary CBD property owners start using their insurance money to buy new buildings in Auckland and overseas.”
And why wouldn’t they? For one year they’ve been kept from their buildings and treated like mushrooms—allowed to visit to extract the important tools of their business only for ten minutes at a time, and only after loud and repeated protests; not even given the courtesy of consultation about the demolition of their own bloody buildings; and then told by the ruling junta what grand plan they intend to impose on property-owners’ property, with or without their consent.
So why would property-owners stay and re-invest there, now that they’re newly liquid?
It’s terribly sad. But I did say this would happen.