6 May 2012

Quake risk erodes capital's conference cashflows

4:50 am on 6 May 2012

Losses of bookings for conferences and other big functions since Wellington town hall was revealed as erthquake-prone have cost Wellington City Council $700,000.

Two major conferences were withdrawn after an engineering report found the building met only 20% to 25% of current earthquake standards - well short of the required 34%.

One group, the Human Resources Institute says it chose a different venue for its annual conference because it wanted to be sensitive to concerns about the building.

Mayor Celia Wade-Brown says $4 million has been budgeted for upgrading another venue - yet to be decided - as a conference facility.