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Auckland city - Source: ONE News -
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The Auckland Regional Council says its investment in Queens Wharf won't be a one-hit wonder.
The ARC and the government are putting in $20 million each to secure the wharf for the 2011 Rugby World Cup and into the future.
ARC chairman Mike Lee says the investment will last beyond the sports event.
He says it's not only a good investment for Auckland's economy in terms of the cruise ship industry, it'll also enhance the quality of life of Aucklanders and our visitors.
Last week, Prime Minsiter John Key announced that the government had secured Queens Wharf as "party central" for the duration of the 2011 Rugby World Cup - a site for fans to gravitate to during the tournament.
"By purchasing this site we have secured an asset that will live long after the Rugby World Cup has finished and give pleasure to visitors and locals alike for generations to come," he says.
Cruise industry optimistic
The cruise industry has welcomed the PM's announcement that an international cruise line terminal is to be developed on Auckland's Queen's Wharf.
The chairman of Cruise NZ says the development is critical for our tourism industry.
He says cruise liner passengers will bring in $86.4 million into the economy.
It is expected there will be a 15%i in passenger numbers in New Zealand over the next few years, and Cruise NZ says the new cruise terminal will ease the pressure on facilities.
Auckland restaurateur, Kermadec managing director Hamish Klein, says the cruise indistry has a big effect on business.
He says if there are better facilities at the waterfront, it's going to be better for restaurants in the area.
What do you think about the government purchasing Queen's Wharf? Good decision that will boost NZs economy or a waste of money? Share your thoughts on the message board below.