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Port Nicholson Block Settlement Trust and the Wellington Company have unveiled an agreement that will give the iwi a direct stake in parts of Shelly Bay Taikuru and give tribal members a shot at home ownership.
Jamie Tuuta, a director of the trust’s commercial arm Taranaki Whānui Limited, says the controversial development is part of a broader strategy to grow the tribal asset base for current and future beneficiaries and preserving its mana in Te Whanganui-a-tara.
The Mau Whenua group, which has a protest camp at the site, says the agreement is spin and its occupation will continue.
The new agreement means Taranaki Whānui will retain ownership of a number of the existing waterfront buildings and other heritage buildings in the former defence base via a joint venture partnership.
There will also be a purpose-built wharenui “ Te Whare Marukaikuru“ at the heart of the complex, together with an artist in residence programme to support Taranaki Whānui artists and the establishment of an education endowment fund and training and employment opportunities for Taranaki Whānui members.
Members of Taranaki Whānui will be eligible to participate in a home ownership programme as part of the wider Shelly Bay Taikuru development as well as homes developed by The Wellington Company in Mt Cook and Te Aro.
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