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QUEENSTOWN COUNCIL SIGNS UP FOR STRATEGIC PROPERTY

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February, 2019

Queenstown Lakes District Council (QLDC) has, subject to final
approval, secured a key property that will provide a variety of facilities
for Lake Hayes / Shotover Country residents as well as the wider
community.
QLDC has recently entered into a conditional contract to purchase the
property at 516 Frankton-Ladies Mile highway. This site has both
strategic and tactical value with an array of uses from recreation and
community facilities, to education and transport in an area of
significant community growth.
QLDC has been regularly exploring land and asset acquisition
opportunities that will benefit and respond to existing and future
community needs. The Ladies Mile property provides a rare opportunity
to protect open spaces in the area whilst offering a location for
community facilities.
QLDC Mayor Jim Boult said Council officers consulted with elected
members at the appropriate time and the proposed purchase has been
well supported.
The location provides us with the opportunity to develop much-needed
facilities for rapidly growing communities along Ladies Mile, and sites
like this do not come up very often. Therefore I feel it is a prudent
move to make this investment now to enable us to provide for the
community in the future, said Mayor Boult.
Due diligence on the purchase is currently underway and elected
Councillors will fully consider the purchase in an upcoming Full Council
meeting. QLDC is also in discussion with potential partners to explore
what facilities could be provided on the site.
Mayor Boult added, the benefits this purchase can bring to the
community are quite compelling and the final funding will be
determined once we have confirmed exactly how the site will be used.
Were in the final stages of due diligence and whilst I cant predict the
outcome of my fellow elected members decision making, I am
confident that they will be equally as supportive as I am and will
endorse this community-minded purchase.
QLDC will be making no further comment whilst due diligence and the
remainder of the purchase process are completed.