Tag Archives: Settlement

Ngai Tahu featured in Wall Street Journal (12.3.14)

### ODT Online Mon, 17 Mar 2014
Ngai Tahu’s financial acumen praised
By Hamish McNeilly
The economic foresight of Ngai Tahu has won the praise of the influential Wall St Journal. The article, published last week, noted the iwi had gone from being ”impoverished, virtually landless” to one of New Zealand’s wealthiest tribes with group assets totalling $1.03 billion. Following the $170 million treaty settlement the iwi took part in a series of ”astute investments”, enabling it to restore marae and support health and education programmes for its 50,000 members.
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Source:
New Zealand Tribe’s Bet Transforms Its Fortunes: The Ngāi Tahu See Their Investments Pay Off
Original article published by The Wall Street Journal; March 12, 2014
online.wsj.com – this is a paysite. You can read the whole article by Lucy Cramer of WSJ for free at USNZcouncil.org

“If you look at 15 years since settlement, this entity has done really well,” said Trevor Burt, a former executive board member of German chemicals giant Linde Group who the tribe tapped four years ago to run its investment arm. Over the past four years, the fund’s average total annual return, based on comprehensive income, was 14 per cent, beating the average 12.9 per cent annual return by the benchmark share index. –Lucy Craymer, WSJ
New Zealand tribe’s bet transforms its fortunes – posted by david at the United States New Zealand Council blogsite
March 12, 2014 Link

While you squabble, Ngai Tahu is worth more than a billion dollars, is making hundreds of millions of dollars in well placed investments, and is even outperforming well known philanthropic funds like the ones owned by Yale and Harvard. –Cameron Slater, Whale Oil Beef Hooked
Wall Street Journal praises tribe: Are you watching up north?
March 13, 2014 at 5:30pm Link

Twitter accounts:
Ngai Tahu @NgaiTahu
Wall Street Journal @WSJ

Posted by Elizabeth Kerr

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Filed under Business, Economics, Geography, Heritage, Innovation, Inspiration, Media, Name, New Zealand, People, Politics, Project management, Property, Tourism

41 Wharf Street —DCC ends debacle

Fear not! More costly settlement is due.
There’s the perplexing State Highway 88 Realignment Project for Council to conclude with affected parties damaged by foul-play planning activity, and the new round of ‘proper’ designation! This will make Mr Barnett’s cheque seem like a 4% discount fuel voucher ripped from a mile-long supermarket receipt for your best ever, most hair-raising Christmas shop!

### ODT Online Tue, 27 Aug 2013
Apology, payout to developer
By Debbie Porteous
Dunedin developer Tim Barnett has received a public apology and a $200,000 payout following a lengthy battle to recover his costs after the Dunedin City Council restricted his ability to develop his harbourside property. The property, at 41 Wharf St, has since been sold to developers who are hoping to build a 27-storey hotel on it.

41 Wharf Street, Dunedin 1 (DCC WebMap)41 Wharf Street, Dunedin [DCC WebMap]

DCC chief executive Paul Orders yesterday apologised to Mr Barnett, of Arthur Barnett Properties, for the inconvenience caused by the council’s decision-making since 2008. The formal apology, issued by Mr Orders yesterday, read:

”Council apologises for the inconvenience, and also thanks Mr Barnett for working with council in good faith as the parties explored options over some years. Mr Barnett has a long history of commitment to the city of Dunedin. Council trusts that the good working relationship that has developed between Mr Barnett and the council over the years will continue.”

The $200,000 covers Mr Barnett’s out-of-pocket costs (just under $118,000), the interest on his costs ($41,000) and a contribution to his legal fees during his lengthy attempt to first remove the restrictions on developing the site and then recover from the council the cost of those restrictions.
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For more on 41 Wharf Street, enter *hotel* in the search box at right.

Posted by Elizabeth Kerr

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Filed under Business, Construction, DCC, Design, Economics, Geography, Media, Name, People, Politics, Project management, Property, Site, Town planning, Urban design, What stadium

You are here: Mapping Auckland — Auckland Museum Tamaki Paenga Hira

Maps capture fleeting moments in history. They reveal the knowledge, perspectives and plans of particular groups of people at specific moments in time.

You Are Here shows Auckland as a city that has been planned, designed and drawn many times over. See maps from the rich, vast collection in Auckland Museum’s library.

What did Auckland look like on paper 70 or even 170 years ago? How did early Aucklanders depict the space around them? And what stories do these maps have to tell?

Created by Auckland Museum, The University of Auckland and Unitec.

Now open | Auckland Museum
Pictorial Gallery (2nd floor)
Open daily, 10am – 5pm
FREE entry


Maps have real impact on the shape of the land. This short film plays in Auckland Museum’s You Are Here exhibition and shows how they reconfigured Auckland City’s waterfront — most dramatically at Freemans Bay. Film made by Lakshman Anandanayagam (www.linechecker.tv)
Concept researched by Solomon Mortimer.

http://www.aucklandmuseum.com/1632/*you-are-here—mapping-auckland

Posted by Elizabeth Kerr

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Filed under Architecture, Construction, Design, Economics, Geography, Heritage, Innovation, Inspiration, Media, Project management, Site, Town planning, Urban design