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Home arrow Articles by Topic arrow Public Ownership arrow Fair trade or free for all trade
Fair trade or free for all trade PDF Print
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Articles - Public Ownership
Written by Frank Newman, Coastal Ward Councillor   
Friday, 08 December 2006

The proposal to develop the sandspit has raised an interesting issue about the public purchase of private property. It would seem to me that the best solution is for the land to be purchased from the current owners at a fair market value. As of right the owner can divide their holding into 8 lots and a valuation would factor into the limitations that apply on building. Offering to buy the sandspit at fair market value would seem to be the fair thing to do.

DoC is paying +$10m for single purchases of South Island high country land at present. Given the close relationship between the Greens, NZ First and the government, I would think a combined Greens/NZ First approach to the Minister of Conservation would be the way to go. If central govt chips in something, the NRC and WDC could be lobbied for the balance. Seems strange to me the govt would be prepared to pay for a waterfront stadium in Auckland for those who can afford the entry fee, but not a waterfront recreational reserve in Ngunguru for all.

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