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Ruapehu business owner wants skifield bailouts to end
Morning Report
English - March 13, 2024 18:10 - 3 minutes - 3.28 MB - ★★★★ - 11 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Business News for 14 March 2024
Next Episode: Ruapehu mayor on latest government bailout
A Ruapehu business owner wants taxpayer funded bailouts for the mountain's ski-fields to stop and says the government must start listening to experts not officials.
The coalition is providing $7 million to ensure the ski season at Whakapapa can go ahead while a buyer is sought - and $3 million in equity and loan funding to help Pure Tūroa Limited buy the Tūroa ski-field.
It's the fifth rescue package in 18 months and comes with a warning - it's the last.
Here's political reporter Giles Dexter.