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SkyCity Hotel Aiming For Sky High Profits

SkyCity has caused a controversy by aiming to build a five-star hotel in the middle of Auckland. The hotel is projected to earnĀ $20 million in additional revenues from visitors to the controversial New Zealand International Convention Centre.

However not everyone is on board with SkyCity. The Green Party has called for the New Zealand International Convention Centre (NZICC) deal to be re-evaluated. Green Party co-leader Metiria Turei said, “On one hand SkyCity put their hand out begging for more money from the public, and on the other they are also millions and millions of dollars better off than the public knew about.”

But Economic Development Minister Steven Joyce said yesterday any benefits to SkyCity from the new hotel would be properly weighed and accounted for after preliminary design plans were submitted.

SkyCity has given a total cost for theĀ 300 room hotel at $130 million.