SUPPLIED/Stuff The key commercial and cultural components of an agreement between Taranaki Whānui and The Wellington Company for the development of Shelly Bay in Wellington. READ MORE:* Developer's $10 million plan to end 24-week-and-counting Shelly Bay standoff* Wellington councillors threatened over Shelly Bay: 'You'd both have been necklaced with a burning tyre'* Engineers for The Wellington Company turned away from Shelly Bay occupation siteIan Cassels, the developer who owns The Wellington Company, said the proposal was “really quite wonderful” and would see the iwi owning the waterfront land at Shelly Bay. “This is a real saving of Shelly Bay,” he said. The two parties would each contribute $3m to develop commercial services at Shelly Bay, with Taranaki Whānui to own the services. “The development at Shelly Bay will deliver better outcomes for all residents while ensuring mana whenua receive an ongoing financial benefit,” she said.

Source: Stuff May 18, 2021 01:58 UTC