Sites earmarked for Auckland schools have been sold off for almost $20 million in the past two years – with much of the land going to housing developers.Information released under the Official Information…
Sites earmarked for Auckland schools have been sold off for almost $20 million in the past two years, with much of the land going to housing developers.
Information released under the Official Information Act to Labour shows four sites marked for educational use were sold since February last year, two on the North Shore and two in South Auckland.
Some sold for more than 200 times the original purchase price.
A block in Totara Heights was bought in 1984 for $170,000 and sold to Fletcher Housing for $5.5 million in December. A 2ha bush site next to two primary and intermediate schools in Browns Bay was bought for $30,000 in 1970 and sold to a developer for $6.6 million.
A site initially put aside for a primary school in Long Bay is to become a reserve, and land in Weymouth is to be a special housing area – with a proportion of affordable homes.