Lake Hayes section bought for £100, sold for $1.2m
Lake Hayes section bought for £100, sold for $1.2m
A £100 investment 45 years ago realised more than $1 million yesterday, when an undeveloped site at Lake Hayes went under the hammer.
Tracey Roxburgh
Initial developers owe $154.8m; up from $142m
Initial developers owe $154.8m; up from $142m
Initial developers behind stage one of Kawarau Falls Station owe $154.8 million to Bank of Scotland International (Australia) as at July 19 - up from $142 million in November last year.
Application for hotel third on site
Application for hotel third on site
A 54-roomed, four-storeyed hotel is being proposed for Henry St, Queenstown, with the applicant seeking a 10-year term for construction.
Ash cloud blamed for drop in visitor numbers
Ash cloud blamed for drop in visitor numbers
The Chilean ash cloud is being blamed for a drop in visitor numbers to New Zealand in June - the worst since 2003, according to Statistics New Zealand.
Work begins on construction of Shotover revetment
Work begins on construction of Shotover revetment
Construction of the Otago Regional Council's training line and Queenstown Lakes District Council's revetment banks for the Shotover River delta has begun.
Drivers of rolled cars lucky to be unhurt, police say
Drivers of rolled cars lucky to be unhurt, police say
Drivers of two vehicles were lucky to walk away uninjured after both cars rolled down banks in Queenstown during the weekend.
Ground closed to protect turf
Ground closed to protect turf
The Queenstown Rec Ground has been closed by Lakes Leisure to meet Rugby World Cup turf requirements.
Parking median dropped from plan
Parking median dropped from plan
A median strip for angle parking in Ardmore St, Wanaka, has been removed from the Queenstown Lakes District Council's Wanaka town centre character guideline after submissions raised concerns.
Airport Corp recruiting replacement directors
Airport Corp recruiting replacement directors
Recruitment for two new directors for Queenstown Airport Corporation has begun - one to be appointed the chairman-elect until the board's annual meeting, with the possibility of a fifth director being appointed.
Teams wanted for gruelling event
Teams wanted for gruelling event
Teams from southern skifields are being encouraged to compete in the 2011 Peak to Peak multisport event, in Queenstown next month.
Receiver silent on contractor
Receiver silent on contractor
Receiver Stephen Tubbs, of BDO Christchurch, has declined to make any further comment on Steve Rout Contracting (SRC) Ltd's voluntary receivership yesterday, saying the matter was receivership of a private company.
Heatley takes up trust issue
Heatley takes up trust issue
Minister of Housing Phil Heatley will be asking the newly-formed Social Housing Unit to look at the issue surrounding the Queenstown Lakes Community Housing Trust's deregistration by the Charities Commission, but warned it would "not be an easy one to untangle".
Resort ready to repel French
Resort ready to repel French
On July 14, 1789 - 222 years ago yesterday - the people of Paris stormed the Bastille, and in just over eight weeks, the French will come to do battle in Queenstown.
Contracting company owes $11 million: receivers
Contracting company owes $11 million: receivers
Steve Rout Contracting Ltd owes more than $11 million to known creditors, with it being "unlikely" any funds would be available for unsecured creditors, the first receivers' report from BDO Christchurch said.
Housing trust not appealing High Court decision
Housing trust not appealing High Court decision
The Queenstown Lakes Community Housing Trust has resolved not to appeal a High Court decision which upheld its deregistration by the Charities Commission.
Snow fun despite skifields' closure
Snow fun despite skifields' closure
The mountains may have been closed yesterday, but enterprising visitors and residents in Queenstown made the most of an epic snow day in the resort - one which may be repeated this week.
Car dealer applies to build new facility
Car dealer applies to build new facility
GWD Russell Ltd has applied for resource consent to construct a commercial building and establish a motor vehicle sales showroom and ancillary workshop at Lucas Pl, Frankton.
Winding up the senses for second Wine Down
Winding up the senses for second Wine Down
Next month, Wine Down, a wine tasting event, will be held in Queenstown, aiming to attract more than 400 visitors from all over New Zealand.
Hairstylist mixes with the best
Hairstylist mixes with the best
One Queenstown hairdresser experienced her own slice of heaven recently during the Hair Expo Australia in Sydney, where she worked alongside the world-renowned TIGI Hair Creative Team.
Costs awarded against TTL
Costs awarded against TTL
Totally Tourism Ltd (TTL) has been ordered to pay $14,000 in costs to the Arthurs Point Protection Society Inc and Barry Walters by Environment Court Judge Jon Jackson, for what was described as a case which was "poorly presented" and "came close to an abuse of process".