Auckland Council's masterclass in mismanaging asset sales

Auckland Council's masterclass in mismanaging asset sales
Hoping to plug a massive $1 billion revenue gap, 20 reserves are up for sale including Aberfeldy Park.
Damian Light
Asset sales are always a controversial topic, even more so when the asset being sold is a public park. It’s no surprise that emotions will run high when the local park is on the chopping block, so the process must be managed carefully. Unfortunately for Tāmaki Makaurau, Auckland Council has provided us with a masterclass in what not to do. Hoping to plug a massive $1 billion revenue gap, 20 reserves are up for sale and Panuku Development Auckland is the council-controlled organisation (CCO) responsible for managing the proc...

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