10 year timeframe for the new Waikato greenfields...

[curious]

1 hour ago, Special Agent said:

Yes, that's also what I heard.  In fact, the point was made that although Auckland and Waikato are different provinces they are now considered in the northern region.

I agree. The Act says that the money must be spent in the same region. It seems to be taking a very wide definition of that saying that includes Waikato. Region usually has a legal meaning of something more like by District Council of which there are 16 through the country and if an Avondale sale is made by agreement with the club, the club would have to agree to that as a purpose for the proceeds to be used.

[Chief Stipe]

7 hours ago, Special Agent said:

I believe no New Zealand racecourses have been sold since Hokitika.

But Hokitika wasn't sold by NZTR - the Club effectively gave it away.  Although they did have prior agreements with local stakeholders.

[curious]

4 minutes ago, Chief Stipe said:

But Hokitika wasn't sold by NZTR - the Club effectively gave it away.  Although they did have prior agreements with local stakeholders.

Sold it for $1 didn't they but voluntarily as they still had the right to do at the time without NZTR grabbing the dosh.

[Chief Stipe]

53 minutes ago, curious said:

Sold it for $1 didn't they but voluntarily as they still had the right to do at the time without NZTR grabbing the dosh.

That's the myth that some are promoting.  There were pre-arrangements not too dissimilar to other real estate deals done.  Didn't Westland have the opportunity to invest in Kumara?  The iconic racecourse 25km down the road.

[Trojan]

8 hours ago, Special Agent said:

Yes, that's also what I heard.  In fact, the point was made that although Auckland and Waikato are different provinces they are now considered in the northern region.

Avondale is dead in the water.  Where is the $30m or more going to come from to un-mothball it?  If it is sold where should the funds go?

[curious]

1 hour ago, Chief Stipe said:

That's the myth that some are promoting.  There were pre-arrangements not too dissimilar to other real estate deals done.  Didn't Westland have the opportunity to invest in Kumara?  The iconic racecourse 25km down the road.

What is the myth?

[Special Agent]

2 hours ago, Chief Stipe said:

But Hokitika wasn't sold by NZTR - the Club effectively gave it away.  Although they did have prior agreements with local stakeholders.

There are clubs where members would sooner give their asset back to the community than to NZTR.

[Chief Stipe]

16 minutes ago, Special Agent said:

There are clubs where members would sooner give their asset back to the community than to NZTR.

Then those Club members have no interest in the sustainability of the industry nor for that matter being committed to the constitutional reason for their existence - to further the interests of the sport of racing.  Why couldn't Westland have given the capital released by selling DIRECTLY to the real estate developer to Kumara rather than giving it to the local Council?

My father donated thousands of dollars to the Westland Racing Club either in money or services from his business.  I helped paint running rails and seats.  He was a realist as a business man and also didn't suffer from the parochialism that holds Clubs back.  He was born and bred in Greymouth - his wife was from Westport.  He ran the icecream stall at Kumara selling Snowflake tubs out of large canvas bags.  He raced horses all over the South Island.  He would have seen the writing on the wall for at least one (if not two) of the West Coast Clubs.  At the end of the day he would have rather have seen the money invested in racing on the West Coast.