Post by Kiwi Frontline on Nov 20, 2019 2:56:29 GMT 12
IHUMĀTAO: CROWN CONSIDERS LOAN FOR AUCKLAND COUNCIL TO BUY LAND
Discussions are under way for Auckland Council to buy the disputed Ihumātao land in a bid to break the three-year deadlock.
Sources have told RNZ the Crown is considering loaning money to the council so it can purchase the land from Fletcher Residential, a wholly-owned subsidiary of Fletcher Building.
Fletcher is seeking $40 million for the property - more than double the $19m it paid in 2014.
RNZ understands the government is keen to get the controversial land dispute wrapped up by the new year to avoid it overshadowing the annual pilgrimage to Rātana and Waitangi.
Some commentators had speculated that Waikato-Tainui might purchase the land, but that prospect ground to a halt.....
www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12286322
Discussions are under way for Auckland Council to buy the disputed Ihumātao land in a bid to break the three-year deadlock.
Sources have told RNZ the Crown is considering loaning money to the council so it can purchase the land from Fletcher Residential, a wholly-owned subsidiary of Fletcher Building.
Fletcher is seeking $40 million for the property - more than double the $19m it paid in 2014.
RNZ understands the government is keen to get the controversial land dispute wrapped up by the new year to avoid it overshadowing the annual pilgrimage to Rātana and Waitangi.
Some commentators had speculated that Waikato-Tainui might purchase the land, but that prospect ground to a halt.....
www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12286322