The left arm doesn’t know what the right arm is doing at Auckland a Council. It’s so typical you’d have got a low return from the TAB.
What a bunch of clowns!
Two Auckland Council bodies are at loggerheads over whether 20ha of land at Hobsonville Pt should be used for housing or a film studio.
Five consultant firms have been hired during the dispute, which arose when Ateed, the council’s economic development arm, made a late pitch to turn some of the council-owned land into a film studio campus.
Auckland Council Property Ltd says it has a masterplan for the site and work can start immediately on 80 of the 441 houses and apartments, of which up to 15 per cent would be in the affordable category.
The masterplan will recoup $36 million spent to date on the land and provide a tidy $34 million profit for ratepayers, says ACPL in a report going to the Auckland development committee today.
An analysis of the Ateed proposal by CBRE property consultants for ACPL said the film studio would get the land for free for about 20 years and the council would be $24 million worse off in cash terms.
Ateed, which has used three consultants to fight its corner, said a film studio campus on 10ha of the land would provide 435 jobs annually and generate $483 million to the Auckland economy over 25 years.
The other 10ha would be used to build 315 homes. Read more »