Failed property developer Dave Henderson describes himself as a ‘libertarian’ but even his fellow libertarians are against the property deal he made with Mayor Sideshow Bob Parker and his council lackeys.
Mark Hubbard, a Christchurch accountant, writes on Lindsay Perigo’s Solo passion website:
‘Mayor Parker, once again you have allowed my money to go to your head…It is not the business of Christchurch City Council to use ratepayer money for private sector property development, and certainly not to bail out private sector developers. You had no mandate to purchase buildings from Dave Henderson.‘
He goes on to say:
“Rates money is other people’s money, not your own. Christchurch is not your fiefdom. If you want to set up Empire Parker, then do it in the private sector on the risk of your own capital, not on mine.’
Hubbard also makes the point that the council paid too much for the properties and that Henderson’s claim that he sold the properties for ‘less than book value’ means nothing in a depressed property market.
Mark Hubbard concludes:
“Flower shows, commercial property development — what next? Tell you what, why doesn't the Council buy my house, for a ridiculous price?’