Council documents from Thursday’s tense council meeting reminded councillors of one of the ongoing risks of retaining the shareholding. Wellington Mayor Tory Whanau supported the airport shares sale but says she accepts democracy has spoken. Photo / Mark MitchellWellington City Council officials said Wellington Airport could fund its 2040 masterplan by debt or shareholder contributions. Wellington Airport external relations manager Phil Rennie said the masterplan developments would happen gradually over time and as needed. The situation has prompted Local Government Minister Simeon Brown to ask for advice on potential Government intervention at Wellington City Council.

Source: New Zealand Herald October 15, 2024 17:55 UTC