It looks like Team NZ will be getting $36m of public money – but Helen has already spent some of it

April 23, 2011

But with your money and mine we will be ship-shape for 2013.

Dunno why we Nats are copping so much heat over the decision to pump $36 million of hard-earned taxpayers’ money into Team New Zealand’s 2013 America’s Cup campaign.

The blame should be heaped on Labour for doing the deal that contractually binds us to squander the money in this shameful way – a bloody boat race in San Francisco.

TVNZ has noted the Labour origins of the arrangement –

The Labour government signed an agreement with Team New Zealand as part of the team’s 2007 campaign against Alinghi in Valencia.

As acting economic development minister, David Carter can only try to ensure the best possible use is made of the investment.

Read the rest of this entry »