The news, for Christchurch residents is not at all good, and very sad because it has been decided that 900 buildings in the city centre are to be demolished. This includes historic buildings.
The cost of the recovery will be $N.Z 8.5 billion, but the new city will no doubt be a better one. This reminds me of the devastation done to the Hawkes Bay region in New Zealand. Like Christchurch the buildings were so badly damaged that they had to be demolished. When they rebuilt they were in the Nouveau Art Deco style, and the town is quite pretty.