PHOTO: STACY SQUIRES/STUFF – The old Christchurch convention centre site on Kilmore St, opposite the Town Hall, remains vacant after the quakes.
An international consortium has failed to deliver plans to develop the $900 million Peterborough Quarter in central Christchurch, leaving authorities hunting for replacement developers to take on the project.
The private consortium has lost its option to develop the land – on and around the city council’s old convention centre – into a complex of shops, offices, restaurants, apartments, and a hotel.
Council rebuild company Development Christchurch Ltd (DCL) spent two years working with the consortium to try get the project off the ground.
READ MORE VIA STUFF