Blind Justice (detail) by Beeler – Columbus Dispatch 2016 [caglecartoons.com]
### Stuff.co.nz Last updated 17:37, July 10 2017
Delta and Infinity’s Yaldhurst subdivision dispute at mediation
By Chris Hutching – The Press
An eight-year dispute involving developers and a group of property owners in a stalled Christchurch subdivision has gone to mediation. Late last year Dunedin City Council agreed to authorise its Delta Utilities company to refinance a $13.4 million outstanding debt to go ahead and complete the Yaldhurst development along with Wanaka-based developer, Infinity. To allow the development to proceed, Christchurch City Council staff recently recommended the unusual step of “dedicating” the access road rather than “vest” it with the council. But a representative of the private property owners, Colin Stokes, told city councillors that his group’s rights to compensation for land for the road had not been addressed. […] The dispute has been aired in several High Court cases between the private landowners and the developers, which are continuing. Most people who originally signed up to buy properties at the subdivision have pulled out and meanwhile Christchurch’s residential property market has cooled significantly.
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█ For more, enter the terms *delta*, *aurora*, *grady*, *luggate*, *jacks point*, *dchl*, *auditor-general*, *noble*, *yaldhurst* or *epic fraud* in the search box at right.
Posted by Elizabeth Kerr
This post is offered in the public interest.
4 responses to “Delta has deep fingers into 8-year subdivision dispute at Yaldhurst”
And so this sad saga continues with the only sure thing already decided being the poor DCC ratepayers having to foot the bill once again. I am struggling to find the words to use to describe the actions of Aurora/Delta staff and governance, the actions of DCHL Board members and DCC Councillors without putting the site owner at risk of yet more tetchy lawyer’s letters. What can be said is that any business responsible to active shareholders that indulged itself in ridiculous ventures and had an unenviable record of losing millions and millions on those ventures, who ignored their core business, while rewarding itself by obscene salaries or other payments would be slung out by those shareholders.
Difference is that this mob doesn’t have an active and informed shareholder base – they are too busy making ends meet in the main.
There is zero action at Yaldhurst. An advertisement on the property is the only potential income and it advertises an apparent competitor at a Parklands real estate development!
What a yummy scrummy salted caramel & pecan topped coupe of irony.
Colin Stokes, representing the private property owners of the original Noble Subdivision at Yaldhurst, now the Infinity Yaldhurst subdivision, has provided Otago Daily Times and What if? Dunedin with information that the private property owners tabled at the meeting of Christchurch City Council (CCC) on Thursday 6 July 2017, including marked subdivision plans.
Colin has remarked that Chris Hutching’s piece [The Press 10.7.17 via Stuff.co.nz] is weak and void of facts that present the property owners’ case.
What if? Dunedin will wait to see what reporter Vaughan Elder does with the information before we decide to publish.