Hibiscus Matters_Issue 241_4 July 2018

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localmatters.co.nz

July 4, 2018

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Your Local Community Newspaper FREE The Hammerhead – securing free vehicle access to this transport hub and recreation area could mean losing waterfront land alongside to commercial interests. Photo, Pierre Cilliers/NZ Property Photography

Call for greater transparency over Gulf Harbour marina land sale

Negotiations over the Hammerhead, which could see 5ha of publicly owned waterfront land at Gulf Harbour sold, are again causing controversy as Councillors, the local board and community seek greater transparency. CCO Panuku Development proposes to give freehold title to the marina land (Lots 1-6, see map p2) to Gulf Harbour Investments Ltd (GHIL) in return for a cash payment and the lease rights

over the 3.1ha Hammerhead (Lots 7-9) – which includes the ferry terminal, parking and public boat ramp. The aim is to secure free public use of the Hammerhead, which could be under threat once GHIL exercises its rights under a development licence, potentially preventing free parking on the site. At public information sessions (HM June 1) and last month’s local board meeting, Panuku sought feedback

on the proposal, which it has been negotiating with GHIL since last year. This month it will seek the endorsement of Council’s Finance and Performance Committee to proceed with a deal. A key issue is the refusal of Panuku to disclose the likely amount of any cash differential to the local board, the public and even to Council decision makers. When a similar deal was being negotiated, in 2012, a figure of $7-8m was put before Council. However, this

time around, the sums involved have been kept under wraps. Local board chair Julia Parfitt says initially Panuku wouldn’t even tell the local board how much the marina land earns for Council in rent. As this turned out to be on the public record, the figure of $526,985 per annum was eventually provided. Panuku’s portfolio strategy manager continued page 2

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