Uh, oh. A grand development plan in the Waikato seems to have been fouled by a few differences among shareholders.
Alf speaks of Tainui Group Holdings’ plans for a multi-billion-dollar Ruakura development.
TGH has been itching for more than five years to get cracking and turn more than 600 hectares of good cow-nourishing pasture into a transport and residential hub.
It was named a project of national significance by the Environmental Protection Authority last year.
This was a clever move by the developers. It allowed them to skip years of council hearings, objections and red tape.
Trouble is, it now has to mollify some members of the tribe.