The Christchurch City Council has agreed to cover the insurance shortfall of $1.1 million for repairs to a popular heritage homestead and community hall in Akaroa.
The Mona Vale Homestead and Gaiety Hall were badly damaged in the 2010 and 2011 earthquakes.
They will be repaired and strengthened to 67 percent of the new building standard starting in June this year.
Mona Vale will cost $2.8 million to fix, with $600,000 covered by the Council, and it will stump up another $500,000 for Gaiety Hall.
It is expected Gaiety Hall will re-open at the end of this year and the Mona Vale Homestead at the end of 2015.