Wellington ratepayers look set to fork out millions to help cover the $20 million cost of improving the tired infrastructure at Shelly Bay.
Recently-released documents show it will cost $13m to provide all the infrastructure needed for the area – including roads, seawalls, water, sewerage and wastewater – with an extra $7m needed for upgrading public spaces, including three parks.
In doing so, it will pave the way for a $500m development of the Miramar Peninsula site that will include 350 new properties made up of a 140-resident rest home, a boutique hotel, 280 apartments, 58 townhouses and 14 standalone homes.
The development is a joint project between the Wellington Company and Port Nicholson Block Development Trust. In most cases the developer pays for infrastructure, but in this case it has been proposed that the council covers half the cost because the project includes public infrastructure improvements and public space development.
This means the overall cost to ratepayers will be $2m, the documents say. The council is seeking public feedback on the proposal.
Acting Wellington Mayor Paul Eagle said the developers would deliver an “astounding” housing project in return for ratepayers cash.
“This is the only proposal we received to develop this rundown area. Ratepayers will get a stunning waterfront space and public access in return.”
The development would also bring in rates revenue of $1.5m a year and would benefit local iwi by helping meet their aspirations with housing, education, social and cultural objectives.
After consultation closes on August 14, members of the public will have the opportunity to speak at a meeting with councillors, who will then make a final decision in late September.
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