On that council owned companies debt

A placeholder.

I will be in South Dunedin today, but will aim to write something on this debt tonight.

But selling poorly performing companies for a song (as you have no choice) is not the answer to this one. Selling well performing companies is also not the answer as they'll (there's only one, forestry) be sold cheaply anyway (as they always are, 40% discount seems common) and will only retire part of the debt.

#dcc #debt #stadium #forestry