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What does the phrase "local asset recycling plus a Crown uplift" mean in practice under the Western Bay of Plenty Deal, which council assets have been identified for sale, and what uplift rate has been agreed or modelled?

Answered Question 34930 (2026)
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Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • What does the phrase "local asset recycling plus a Crown uplift" mean in practice under the Western Bay of Plenty Deal, which council assets have been identified for sale, and what uplift rate has been agreed or modelled?

Answered by

Hon Simon Watts

Member for North Shore · National Party · Minister of Local Government

Answer

Further work will be undertaken as part of the implementation planning.