After ten Auckland Council owned properties were saved from sale council staff confirmed they were exploring ways to make up the $8 million loss.
At the Finance and Performance Committee on September 15, members agreed to removed ten properties from council asset recycling programme.
Cr Linda Cooper said the $8.36 million would not be realised because of the halted sales.
“I am happy to move these because there are good reasons why they should be removed,” Cooper said.
“We said we would have to find other places. Have (Eke Panuku) got other properties they are working on?”
Eke Panuku’s head of strategic asset optimisation Letitia Edwards responded that there was a lot of work currently underway to finding more properties.
Mayor Phil Goff questioned the removal of one property at the corner of 31 Aspiring Avenue & 17R Hilltop Road, Clover Park.
The item report said there were restrictions on development for the property from because of the national power grid, and issues with aircrafts and their noise.
“Thousand of times I have driven by it and I have never seen someone occupying it,” Goff said.
Goff said the property was valued at over $2 million which was a “significant amount of money.”
“There are aircraft restrictions but there are houses all around it… Why are there restrictions on this land and not the land around it?”
Eke Panuku’s senior advisor Anthony Lewis said the restrictions had only come into effect in the last ten years after many properties were built.
Goff responded that it was still “not rational” that you were unable to build on the property but able to build around it.
“If we are not able to develop and that is set in place then the future council should think about doing something with it because having a bare block of land that costs money to mow and does not have any attraction for people to use, does not make sense.”
The ten properties that were removed from asset recycling will continue to be managed and maintained by council.