Someone Else To Borrow Money Off

17 Jun

Thankfully Venture Southland are building relationships elsewhere.  They can get the nearly $500k they want for South Alive’s eco house from EECA instead of the ratepayers of Invercargill that they have been trying to tap.

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2 Responses to “Someone Else To Borrow Money Off”

  1. Philip T June 17, 2014 at 11:44 pm #

    I never realised that Venture “borrowed” money. When they make the repayments for the last few years of money they have “borrowed” I will streak down Dee St and let the bouncers at the Lone Star give me a sneaky Dunedin type tackle. If Muzza gives back the money he has “borrowed” will do it twice but something tells me not to start training just yet.

    • Kylie June 18, 2014 at 9:34 am #

      The South Alive supported by Venture build is supposedly a true ‘borrow’….seed funding that they will repay when they sell the house/houses. Sounds like something from Living Channel….Property Ladder with council funding….What would the interest rate be I wonder? Council reserves have interest added so therefore VS/SA should have to cover the lost interest. Does their eco house costs still stack up in the real world or do they have the benefit of council lawyers for the property transfer costs etc?

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