Capital's council loses money as Town Hall events pulled
Updated at 9:27 am on 2 May 2012
Conferences withdrawn from the Wellington Town Hall after news the building was earthquake prone have cost the Council $700,000.
An engineering report has found the building meets 20 - 25% of earthquake standards, well short of the required 34%.
Two major conferences due to be held in the venue have been moved elsewhere.
The Human Resources Institute of New Zealand says it chose a different venue for its annual conference because it wanted to be sensitive to concerns about the earthquake-prone building.
The building is closing next year for multi-million dollar strengthening work and council-controlled company Positively Wellington Venues, which manages the Town Hall, says it's vital an alternative is found.
Wellington mayor Celia Wade-Brown says $4 million has been budgeted to upgrade a different venue to take over the conference facility.
Revenue from conferences and events in Wellington Town Hall contributes about $15 million annually to the city.
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