Tag Archives: Farmland

Has DCC Delta stupidly bought into another Pegasus . . . . #notquite

Updated post
Wed, 28 Sep 2016 at 12:51 a.m.

Why has our Dunedin City Council decided to have anything to do with Infinity via council owned company Delta ? Which Infinity ? Infinity Investment Group Holdings Ltd ? Infinity Yaldhurst Ltd ? And who is Infinity Finance and Mortgage Ltd, of a bedroom at 12A Fovant St, Russley ? Is ‘Infinity’ a front for Gordon Stewart’s Noble Investments Ltd ? We delve…. meanwhile, here’s Infinity’s slow-troubled-road Pegasus.

Pegasus was a dream town, invented by a former infomercial salesman who believed wholeheartedly in his vision. Ten years on, it looks remarkably different. –The Press

pegasus-bob-robertson-with-the-scale-model-martin-hunter-fairfax-nzBob Robertson with scale model of Pegasus [Martin Hunter/Fairfax NZ]

pegasus-bob-robertson-ce-of-infinity-investment-group-with-large-scale-model-of-pegasus-town-feb-2006-teara-govt-nzRobertson, chief executive for Infinity Investment Group [teara.govt.nz]

pegasus-golf-and-sports-club-spans-nearly-80ha-stuff-co-nzPegasus golf and sports club spans nearly 80ha [Stuff.co.nz]

pegasus-town-pegasus-town-co-nzPegasus Town – not the vision…. [pegasustown.co.nz]

pegasus-300-chinese-model-makers-spent-6-months-crafting-1-to-100-scale-model-nzgeo-com300 Chinese model makers crafted the 1:100 scale model [nzgeo.com]

### Stuff.co.nz Last updated 05:00, June 4 2016
Life in Pegasus, the dream town yet to fly
By Charlie Mitchell – The Press
It’s rare to meet the inventor of a town. Even more so to shake his hand. It’s an odd sensation many experienced on a single day in 2006, when a former infomercial salesman clutched a microphone, took to the stage, and sold $122 million worth of property before the sun went down. Bob Robertson had developed property before, but nothing like this. He was dreaming of a town called Pegasus, a master-planned community in a swampy, coastal corner of North Canterbury. It would be the first master-planned town in New Zealand. It would appear fully-formed, as if dropped from the sky.

pegasus-artists-impression-of-planned-entertainment-and-retail-precinct-infinitypegasus-artists-impression-of-planned-hotel-and-retail-centre-infinityPlanned entertainment and retail precinct [Infinity]

pegasus-town-centre-stuff-co-nzArtist’s impression of the planned town centre [Stuff.co.nz]

There was something Utopian about the idea. At the time, Robertson said: “For Pegasus, I’m acutely keen to create what I would like to consider would be as close as possible to an ideal town.” He claimed to be the ultimate test-subject; he planned to create the town he’d want to live in, one built for “the traditional Kiwi family”.

Ten years later, Pegasus has come to life. It’s not quite what anyone envisaged; certainly not what Robertson dreamed. Pegasus, ultimately, was built somewhere between the vision promised in Robertson’s model and a messy reality, blighted by earthquakes and a global financial crisis. The promised developments struggled to keep up with the schedule. What did arrive was promising – the golf course and the lake are almost unanimously praised. But more basic facilities, such as a supermarket, or even mail delivery, were conspicuously missing.

pegasus-housing-not-all-endless-rows-of-boxes-david-walker-via-stuffpegasus-housing-teara-govt-nzpegasus-row-of-houses-stuff-co-nzPegasus housing [Stuff.co.nz] with render [teara.govt.nz]

By 2012, it was clear Pegasus would never become what was promised. Shortly afterwards, the developer defaulted on a $142 million payment and went into receivership. It was sold to Todd Property, owned by New Zealand’s wealthiest family. Pegasus no longer belonged to Robertson. The town’s new developers, Todd Property, are keenly aware of the promises made by its former owner. Since January 2013, about 30 people a month have steadily arrived to live in Pegasus. About 2500 people live in Pegasus, well short of the 7000 predicted by Robertson. When describing Todd’s vision for the town, the first word used is “realistic”. Another is “achievable.” A sharp turnaround from the rhetoric used by Robertson, who sold dreams, not property.
Read more

Other stories via Stuff:
22.8.16 Opinion: Pegasus – a ‘vibrant village’ where people know nature…
10.12.15 Posthumous award for Pegasus developer, Gough also honoured
● 11.6.15 Former Pegasus owner leaves $100 million debt
25.4.13 Todd family paid $66m for Pegasus – report
6.12.12 Todd family takes Pegasus Town reins
17.8.12 Pegasus town developer in receivership

█ Welcome to Pegasus Town | www.pegasus-town.co.nz

Via LGOIMA response to Elizabeth Kerr:
Screenshot of Pegasus Town detail from Attachment B to the DCHL Report to Council (1 Aug 2016) — see Noble/Yaldhurst Village Update.
Highlighted by whatifdunedin, the last line is interesting.

[click to enlarge]
noble-yaldhurst-village-update-2016_08_01-final-pegasus-detail-p15

Related Posts and Comments:
26.9.16 Delta #EpicFail —Epic Fraud #14 : The Election and The End Game…
● 22.9.16 DCC : Delta deal 1 Aug 2016 Council meeting (non-public) #LGOIMA
18.9.16 Delta #EpicFail —Epic Fraud #13 : Councillors! How low can you Zhao ?
26.8.16 Delta #EpicFail —EpicFraud #12 : The Buyer Confirmed
24.8.16 Delta peripheral #EpicFail : Stonewood Homes —Boult…
8.8.16 Delta #EpicFail —Epic Fraud #11 : The Buyer
1.8.16 Delta #EpicFail —The End Game according to CD
31.7.16 Delta #EpicFail —Epic Fraud #10 : The Beginning of the End : Grady Cameron and his Steam Shovel

█ For more, enter the terms *delta*, *infinity*, *noble* or *epic fraud* in the search box at right.

Posted by Elizabeth Kerr

Election Year. This post is offered in the public interest.

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Filed under Architecture, Business, Construction, Design, Economics, Finance, Geography, Housing, Infrastructure, Media, Name, New Zealand, People, Pet projects, Project management, Property, Public interest, Resource management, Site, Town planning, Transportation, Travesty, Urban design

DCC confidential report on Industrial Land (March 2004)

Received today.

This leak in regards to DCC’s establishment of a new industrial zone bordered by Dukes Road (Industrial Variation 9B)…. is an unsubtle reminder of the number of Council-issued claims over the years about the extent (or lack of) industrially zoned land at Dunedin, particularly for argument in evidence (or was it lies and hearsay) at very significant plan change hearings.

Interpretations please!

[click each page to enlarge]

DCC Confidential Report INDUSTRIAL LAND Peter Brown 29 March 2004 p1DCC Confidential Report INDUSTRIAL LAND Peter Brown 29 March 2004 p2DCC Confidential Report INDUSTRIAL LAND Peter Brown 29 March 2004 p3DCC Confidential Report INDUSTRIAL LAND Peter Brown 29 March 2004 p4

█ Download: DCC Confidential Report – Industrial Land 29 March 2004
(PDF, 1 MB)

Related ODT stories:

### ODT Online Mon, 12 Oct 2015
Property sales loss $1.07m
By Chris Morris
The Dunedin City Council has spent $5.6 million buying up houses, and even a farm, to smooth the path for industrial development on the Taieri. The purchases were detailed in documents released to the Otago Daily Times, which also showed the council has lost $1.07 million after on selling many of the properties for significantly smaller sums.
Read more

### ODT Online Mon, 12 Oct 2015
Council’s treatment of couple criticised
By Chris Morris
A retired couple forced to fight for five years to sell their farm to the Dunedin City Council were left with “a noose around their necks”, Cr Kate Wilson says. William and Fiona Smeaton owned the 15 ha farm sold to the council for $1.725 million in December last year.
Read more

ODT got led down the garden path by this couple, it appears. It’s out that they don’t have to meet the rates increase while they’re farming – only on conversion to industrial use would the land owner pay $10,000 pa, you say? The poor things had to work more jobs to meet the rates demand, yeah right – TUI.

A quick look at DCC Webmaps for 91 Dukes Road shows (linked to the rates account) the land use as “12 Rural Industry : Stock Finishing”, Total Annual Rates $4,596.60…. tsk tsk.

More at this thread: DCC considers sale of “149 properties”

Posted by Elizabeth Kerr

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Filed under Business, DCC, Democracy, Dunedin, Economics, Geography, Hot air, Name, New Zealand, OAG, Ombudsman, People, Politics, Project management, Property, Site, Town planning, Transportation, Urban design, What stadium