A well-known property developer in Wellington wants to lease Māori-owned land in a deal expected to be worth millions of dollars.
In 2008, the Port Nicholson Block Settlement purchased Shelly Bay for $16mil as part of its settlement deal.
At that time, a deal to build a film museum with Sir Peter Jackson was in the pipelines, but has since fallen through. Since then, the land has sat idle.
Property developer Ian Cassels confirmed to Te Kāea today that discussions were underway with the Shelly Bay owners, Port Nicholson Block Settlement Trust.
Locals are wary of the deal and feel it could ruin the beauty of the area.
Te Kāea tried to make contact with the trust but didn't receive any response. What lies ahead for Shelly Bay remains to be seen.