Marina CCO proposal Debate

Economic Benefits - Revenue

Option 2

Residents supporting Option 2 believe that transitioning the marina to an Asset-Owning Council Controlled Organisation will enhance decision-making efficiency and public service provision, while allowing for the reinvestment of commercial returns into further marina improvements. They also argue that the marina should generate a return on investment or profits, which could then support broader council initiatives and further reinvestments. This approach is seen as a balanced way to both improve the marina and contribute financially to other community needs.

Table of comments:

Point No	Comment
985.3	We agree with Nelson City Council's proposal to move the marina to an asset owning CCO, with the council transferring both the assets and the liabilities to this new organization. We can see that this should strike a balance between more efficient decision-making processes, and providing assets and services for the public, with commercial returns reinvested in improvements to the marina.
1074.4	Council should still look to receive return on investment or some profit to support other council initiatives and reinvestment.