Wellington ratepayers to reap $1.5m a year from development of Shelly Bay

  • Wellington ratepayers will be $1.5 million richer every year if a $500m development of Shelly Bay proceeds, the council says.

If public consultation on the plan this month is favourable and Wellington City Council decides to sell its land at the run-down Miramar Peninsula site to developers then construction could start as early as next year, and be complete in a decade.

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CAMERON BURNELL/FAIRFAX NZ

Wellington’s derelict Shelly Bay, as it looks today.