US billionaire aims for hole-in-one golf resort in Wanaka

Ric Kayne, at Te Arai Links, Northland.

Wed, 28 Apr 2021

US billionaire Ric Kayne looks set to extend his New Zealand golfing empire to the South Island, with the development of a resort and residences at Glendhu Bay, near Lake Wanaka.NZ resident Kayne, 74, owns the exclusive Tara Iti golf course north of Auckland that opened in 2015. Last year, Golf Digest rated it as NZ’s best and the world's second best golf course outside of the US.He is also well advanced with developing the $200 million Te Arai Links development on the same coastal property, which will add another two beachside course...

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