'They should be in this boots and all' - business leader says government should pay for America's Cup hosting

Ashley Church, the head of the Property Institute, says the Government should be paying all of the costs to host the America's Cup in New Zealand as the investment would be a boost to the whole country.

Mr Church told TVNZ 1's Breakfast that the benefits "will not necessarily be immediate", but will flow over the longer term.

His comments come after continuing debate over whether taxpayers should be the ones to fund some costs for the Team New Zealand sailing team. 

The Government has announcement that so far $5 million will go towards retaining key Team New Zealand members ahead of the America's Cup in 2021.

ACT leader David Seymour has questioned whether tax payers should be the ones footing the bill. 

The Prime Minister has not ruled out more funding for the America's Cup event.



'I saw a massive fireball' – resident describes the moment Auckland house fire explosion shook him awake

Marlom Perera first thought it could have been a tree falling over. Source: 1 NEWS

A nearby resident says he was woken up by a big bang, and he heard people screaming. Source: Supplied

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Police appeal for information after two die in horror South Canterbury crash

Police in South Canterbury want to speak to anyone who witnessed a serious crash on State Highway 8 near Tekapo last night.

Two people died and another remains in hospital in a serious condition. 

The crash happened shortly after 5pm last night between Hayman Rd and Tekapo Canal Rd.

Two people died and one remains in hospital following the horrifying smash. Source: Breakfast