Auckland's CBD Into the Future
Introduction |
Street and open space upgrades |
The CBD Board |
Research |
Quarter plans |
Funding |
The guiding documents |
Residents advisory group |
Action plan
Funding and budget
CBD targeted rate funding
- A targeted rate to fund development projects in Auckland's central
business district was introduced for residential and non-residential ratepayers
in the CBD in 2004 for a 10-year period.
- In 2006, the collection of the targeted rate was extended a further
two years to 2016.
- In July 2008, the amount that residential ratepayers contribute
increased from $52 to $55 per annum.
- The funding from the CBD targeted rate will significantly speed up
and expand the projects to revitalise Auckland's CBD as one of the world's most
vibrant and dynamic business and cultural centres.
- The targeted rate will be used exclusively for projects that will
enhance the CBD.
- After 12 years, the CBD targeted rate will be reduced to cover
day-to-day operational costs, such as higher levels of street cleaning and
maintenance.
- The CBD targeted rate will provide $175.5 million over 12 years to
transform and revitalise the CBD.
- The targeted rate funding covers a diverse portfolio of streetscapes
and open space upgrades, increased service levels for street cleaning and
maintenance, and funds a number of initiatives that includes action plans
(quarters, strategy and policies), events, communications and marketing,
professional management and support of the portfolio.
- The targeted rate is applicable to CBD ratepayers only. This applies
to both business and residents of the CBD. These are the property owners who
will benefit most from Auckland City's CBD Into the future strategy.
Budget

- Auckland City is investing a total of $963.9 million to transform and
revitalise Auckland's Central Business District (CBD) and the Waterfront as part
of a 10-year action plan that began in 2004.
- Of which $67 million was invested prior to 2004 in the restoration of
the Town Hall and Civic Theatre
- $492.8 million is allocated to a wide range of projects to transform and
revitalise the CBD, including
- a streetscape and open space upgrade budget of $162.5 million, of which $81.5
million is from the CBD targeted rate
- other capital projects of $216.8 million
- $122.1 million for higher amenities (including more street cleaning and costs
associated with the accelerated delivery), other events, economic development
and planning initiatives, of which $90 million is funded through CBD targeted
rate.
- $395.5 million is allocated to developing the CBD waterfront including Wynyard
Point and the surrounding area. This will provide much-needed capacity for
growth in a central location and will be a significant visitor and international
tourist attraction.
CBD projects completed to
date
Since June 2004, Auckland City has completed projects worth
$242.6 million of the $963.9 million allocated to delivering Auckland's CBD Into the
future strategy.
Projects completed prior to July 2004
Projects completed between July 2004 and June 2008
Projects underway or planned from July 2008 to June 2014
The benefits of this investment include:
- improved urban environment due to streetscape upgrades on Karangahape
Road, Lorne Street, Quay Street, Khartoum Place, Vulcan Lane and Queen Street
- pedestrian focused signage erected to provide a sense of familiarity
and orientation for both local users and visitors
- enhanced access to the CBD for passenger transport through the
implementation of designated bus priority lanes on key transport routes
- increased activity and events in the CBD resulting in a more vibrant
and dynamic place to live, work or visit
- coordinated planning and implementation of projects within the CBD
through the introduction of the CBD strategy and action plan
- innovative parking guidance signs, advising motorists of available
short-term spaces in CBD parking buildings.
updated July 2009