25 Mar 2024

Group hopes to sink mayors plans to sell city port lease

From Checkpoint, 4:47 pm on 25 March 2024

A group of high profile Aucklanders are hoping to sink the mayor's plans to sell the lease for the city's port, instead they want the land transformed into one of the greatest waterfronts in the world.

One option in the council's long term plan is taking an up-front payment of 2 billion dollars plus for a 35 year lease of port that covers 77 hectares of prime CBD land on Waitemata Harbour.

The money could then be invested, with profits used to help cover the city's burgeoning costs.

Michael Goldwater speaks to Lisa Owen.