I read with interest today an article in the Christchurch Press (online) about an IT hub plan to spark revival.

The idea was it was a group of businesses planning to set up an IT hub in the Christchurch CBD to help reinvigorate the city after the earthquake (remember most of the CBD is still off limits, and many businesses have moved out).  Great idea I thought.  But as I read on what struck me as amusing was the lack of a business sustainability here:

The IT business group, Enterprise Precinct and Innovation Campus (Epic), has asked the Christchurch City Council, which owns the 4000-square-metre block, to grant it site use for three years at no cost.

and

Anderson said the cost of setting up the IT campus would be substantial and the group had approached the Government for funding.

OK, so let’s get this clear: They want the council to give them free use of the land for 3 years, and the government to pay for the cost of setting it up?

Although it’s not all one sided:

Epic co-leader Colin Anderson, director of IT consultancy Effectus, said a cluster of IT companies would add much-needed vibrancy to the central city because IT workers were socialisers, had more disposable income than many people and were aligned to inner-city living.

I was wondering if I offered to move back to the CBD and buy my groceries there, would the Council give me free land, and the Government build me a house? Probably not.

Black and White Version: Sometimes I wish the media would actually analyse a story more that just printing an idea.


Post to Twitter Post to Delicious Post to Facebook Post to StumbleUpon