River Park sale agreed
Saturday 11 April 2015
Otago Daily Times
Contact Energy and the Red Bridge River Park Trust have
agreed on sale conditions for a parcel of Luggate land sought
by the charitable trust to develop a community river park.
The resolution follows more than a year of discussions
between long-term tenant of the land and trustee Lewis
Verduyn-Cassels and Contact over the proposed sale of the
0.4ha property.
Mr Verduyn-Cassels said the trust was grateful for the
support of the Wanaka Community Board and the many donors who
had made the project possible.
As the original proposal for the river park included
neighbouring land that was sold to other individuals, the
trust would look at revising the project plan to reflect the
changed ownership.
As part of the agreed sale process, the trust will pay a
portion of the market sale price of the land up front and
further settlement is due within the next five years.
Contact is also finalising arrangements to gift a separate
1.9ha block of land next to the Luggate Bridge to the local
community, most probably through the Queenstown Lakes
District Council.
Contact has been progressively selling parcels of land it
owns in the Clutha region in recent years, following an
announcement in 2012 that it was no longer going ahead with a
proposed hydro generation development in the area.
Saturday, April 11, 2015
River Park Sale Agreed
Thursday, April 9, 2015
Contact And Trust Reach Agreement
Contact and River Park Trust pleased to reach agreement
Thursday 9 April 2015
www.scoop.co.nz
Contact and
trustees for The Red Bridge River Park Trust this week have
agreed sale conditions for a parcel of Luggate land sought
by the charitable Trust to develop a community river park
involving native fauna and flora restoration and freshwater
ecology. The positive resolution follows over a year of
discussions between long term tenant of the land and trustee
Lewis Verduyn-Cassels and Contact over the proposed sale of
the 0.4 ha property.
“We’re very pleased to reach an
agreement that enables both parties to move forward
positively, with the Trust able to now explore its plans to
develop the community river park,” says Contact’s
Generation & Development Project Manager, Neil Gillespie.
“We are grateful to the many people behind the scenes
who have contributed their support to this agreement. The
Wanaka Community Board, and numerous donors, have all made
this project possible,” said River Park Trustee, Lewis
Verduyn-Cassels.”
“As the original proposal for the
river park included adjacent land that was sold to other
individuals, the Trustees will be looking at revising the
project plan to reflect the changed ownership. We literally
have decades of work ahead of us as we progressively restore
and enhance the Red Bridge area.”
As part of the agreed
sale process the Trust will pay a portion of the market sale
price of the land up front, with further settlement due
within the next five years. Separate to the sale to the
Trust, Contact is in the process of finalising arrangements
to gift a 1.9 ha block of land adjacent to the Luggate
Bridge to the local community, most likely through the
Queenstown Lakes District Council.
Contact has been
progressively selling parcels of land it owns in the Clutha
region in recent years, following an announcement in 2012
that it was no longer progressing a proposed Hydo generation
development in the
area.
About Red
Bridge River Park Trust
The purpose of the Red
Bridge River Park Trust is to create and manage a river park
and native recovery centre on riverside land at the Luggate
Red Bridge, on the Clutha Mata-Au River, for the benefit of
the community in perpetuity.
www.redbridgeriverpark.blogspot.co.nz
Friday, January 30, 2015
'Good progress' in talks on riverside land
'Good progress' in talks on riverside land
By Lucy Ibbotson, on Friday 30 January 2015
Otago Daily Times
An agreement over the future of a piece of riverside land
near Luggate wanted for a conservation park is still several
weeks away.
Negotiations have been ongoing for almost a year between
Contact Energy, the owners of a 0.4ha site next to the Clutha
River at the Luggate Red Bridge, and Lewis Verduyn-Cassels,
who established the Red Bridge River Park Trust to help
realise his vision for a community conservation area on the
land.
The trust was given several extended deadlines to raise
$300,000 to buy the land, before entering into private
discussions with Contact towards the end of last year.
Contact's trading, development and geothermal resources
project manager, Neil Gillespie, said this week the power
company was ''still talking'' with Mr Verduyn-Cassels.
''We're making good progress.
''In the next three to four weeks we should be closer to
knowing where we're at.''