The crown agency is facing a ballooning deficit and wage costs, and raised an extra $2.24 billion in the June 2022 financial year to fund its house-building ambitions.
Cost-saving design measure prompts criticism, but further price escalations remain possible.
Christchurch anchor project due for completion next year following land deal.
The fast-track consent process could be the gear-change needed for developing Queenstown's Ladies Mile.