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Discussions with potential Invercargill city block development tenants ongoing

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Scott O'Donnell with one of the first bricks to fall in the Invercargill CBD block demolition. New tenants should be announced in 2021.

John Hawkins/Stuff

Scott O’Donnell with one of the first bricks to fall in the Invercargill CBD block demolition. New tenants should be announced in 2021.

The man behind the major central city development in Invercargill is buoyed by the way the New Zealand economy has rebounded as negotiations with potential tenants for the block continue.

Invercargill Central Ltd is undergoing stage one of a new city block development which will include retail, a food and beverage precinct, and 685 car parks.

The overall development takes up the rectangular block of buildings between Esk and Tay St, bordered by Dee and Kelvin St.

Farmers and Starbucks are the only tenants who have been officially announced to date.

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Farmers will be the anchor retail tenant with Invercargill Central Ltd director Scott O’Donnell saying they have eyed an April 2022 opening date.

Negotiations with other tenants were ongoing and didn’t expect to be in a position to confirm any further outlets until at least February or March.

“There’s not really anything we can announce at the moment.’’

With the opening date still close to 16 months away O’Donnell said they did have time on their side.

He added that most of the prospective tenants would focus on the Christmas, New Year period before looking to confirm any decisions.

O’Donnell was confident with the situation given how New Zealand had responded following the pressures of Covid-19.

There were all sorts of dire predictions, but O’Donnell said the outlook was much brighter now.

Even amongst that doom and gloom O’Donnell did not flinch, in regard to his belief that pushing with the project was the right thing to do.

“It just has to be done, we have to get on with it.”

Meanwhile, Gaire Thompson, the owner of the Dee St building which Farmers currently occupy, is still working on possible plans to try to fill that building when Farmers do depart.

He said he hasn’t yet had confirmation from Farmers of the departure but Thompson wanted to make sure he had plan B in place to ensure it didn’t sit empty for a long period.

“We’ve got a couple of interested parties that we are working with,” Thompson said.

He didn’t expect they would be able to fill the building with one tenant, as is the case with Farmers.

Instead, Thompson will try to attract multiple tenants and create a mall type complex, but without a lot of the overheads that attached to traditional malls, he said.

“The hardest thing will be getting the top floor filled. But once we get the bottom floor sorted the top floor should follow,’’ Thompson said.

Thompson has previously stated a belief that the new inner city block development, backed by the Invercargill City Council, will struggle to attract the number of tenants needed to make it viable.

He still holds that view and was also concerned that what tenants it did attract would simply leave buildings empty in other parts of the CBD.

Source: https://www.google.com/url?rct=j&sa=t&url=https://www.stuff.co.nz/business/123650288/discussions-with-potential-invercargill-city-block-development-tenants-ongoing&ct=ga&cd=CAIyGjQ2MzM1ZTBkNWQyZmIyYzc6Y29tOmVuOlVT&usg=AFQjCNEgx54AaajCrbngIpVpLLfMzOf53Q

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Best way to give this to your pet?

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Visit our community site for vetted suppliers at http://theCBD.place. It’s time that this subject was given more internet exposure. We are here to discuss topics related to medical marijuana and our experiences using CBD. Please do not assume that anyone here is a medical professional.

Source: https://www.reddit.com/r/CBD/comments/lu2lg4/best_way_to_give_this_to_your_pet/

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Best way to give this to your pet?

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Virginia lawmakers agree to legalize marijuana, but not until 2024

Sorry, Virginia. You’ll have to wait nearly three years before possession becomes legal.

The post Virginia lawmakers agree to legalize marijuana, but not until 2024 appeared first on Leafly.

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Virginia lawmakers agree to legalize marijuana, but not until 2024 | Leafly











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RICHMOND, VA — Virginia lawmakers gave final approval Saturday to a bill that will legalize cannabis for adult use, but not until 2024, when retail sales of the drug would begin.

With a compromise bill having cleared the state House and Senate, Virginia becomes the first Southern state to vote to legalize marijuana, joining 15 other states and the District of Columbia. The legislation now goes to Democratic Gov. Ralph Northam, who supports legalization.

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The bill was a top priority for Democrats, who framed legalization as a necessary step to end the disparate treatment of people of color under current marijuana laws. 

But talks between Democrats in the House and Senate grew tense in recent days as the two chambers wrangled over significant differences between their versions of the legislation. 

Negotiations continued into Saturday when, late in the afternoon, details of a compromise agreement were made publicly available.

Under the legislation that passed, possession of up to an ounce (28.3 grams) of marijuana will become legal beginning Jan. 1, 2024, at the same time sales will begin and regulations will go into effect to control the marijuana marketplace in Virginia.

Under a provision Senate Democrats insisted on, the legislation will include a reenactment clause that will require a second vote from the General Assembly, but only on the regulatory framework and criminal penalties for several offenses, including underage use and public consumption of marijuana. A second vote will not be required on legalization.

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The Senate had sought to legalize simple possession this year to immediately end punishments for people with small amounts of marijuana, but House Democrats argued that legalization without a legal market for marijuana could promote the growth of the black market.

Lawmakers last year decriminalized marijuana, making simple possession a civil penalty that can be punished by a fine of no more than $25.

Why the three-year delay?

The three-year delay in legalizing simple possession drew sharp criticism from the American Civil Liberties Union of Virginia, Marijuana Justice, and other racial justice advocacy groups.

“This bill does not advance the cause of equal justice or racial justice in Virginia. It is the product of a closed-door legislative process that has prioritized the interests of recreational marijuana smokers over people and communities of color,” the groups said in a statement before the vote.

But Sen. Adam Ebbin, the chief sponsor of the Senate bill, said the compromise agreement is a good start on legalization.

“It’s been a lot of work to get here, but I would say that we’re on the path to an equitable law allowing responsible adults to use cannabis” he said during the debate.

Groups that opposed legalization entirely have said they are concerned that it could result in an increase in drug-impaired driving crashes and the use of marijuana among youth.

Source: https://www.leafly.com/news/politics/virginia-lawmakers-agree-to-legalize-marijuana-but-not-until-2024

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