Demolish the track and decommission the site.
Cost
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Impact on rates
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Impact on debt
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Impact of levels of service
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$200k to decommission.
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Total rates would increase by $42,000 per year in years 1 to 5 only.
Per property on average:
- Residential $2.20
- Farming $2.40
- Commercial $3.30
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Debt would increase by $200k in year 1 but be fully repaid by year 5 (5 years).
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Reduction in level of service - no provision for track cycling in Whanganui.
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