Shelly Bay: Ratepayers to fork out $10 million
October 9, 2017
The Wellington City Council has approved the sale of land at Shelly Bay and has committed to spending no more than $10 million on infrastructure costs.
The original proposal was for council to pay half of the development infrastructure and then pay the entire future infrastructure.
Councillor Diane Calvert has previously said there would be a “contribution” from the city council, which would be in line with other “greenfields” developments, Calvert said.
That contribution has now been capped at $10 million.
Wellington City Councillor Andy Foster said the council’s original infrastructure contribution was “not a good deal”, but was happy with the development itself.
“There were some things in the deal that we were not happy with and there was an amendment put up that we wanted to have councilors setting up the consultation document,” he said.
The notion that ratepayers would benefit to the amount of $1.75 million a year from the rates on the Shelly Bay development was a “completely fallacious argument” he said.
Those rates would not offset the development costs footed by the council, he said.
The decision to sell the council land at Shelly Bay was decided at a city strategy committee meeting on September 28, 2017.
The vote was very close with 7 councillors in favour, 5 against and two abstensions due to conflict of interest, which included the Mayor Justin Lester.