1 00:00:00,200 --> 00:00:01,800 Speaker 1: Even in coming up for the next hour. If you 2 00:00:01,840 --> 00:00:05,080 Speaker 1: worked at Macid's between twenty and nine and twenty twenty, 3 00:00:05,120 --> 00:00:07,240 Speaker 1: they might owe you some money to Native Traney will 4 00:00:07,240 --> 00:00:09,879 Speaker 1: talk us through that Milford Asset Management on the US 5 00:00:09,960 --> 00:00:12,600 Speaker 1: reporting season so far, it's actually very interesting. And the 6 00:00:12,680 --> 00:00:16,000 Speaker 1: union representing the workers at the Penrose plant that's shutting down, 7 00:00:16,200 --> 00:00:17,880 Speaker 1: it's going to talk us through what they want the 8 00:00:17,920 --> 00:00:19,880 Speaker 1: government to do to try to save those jobs. It's 9 00:00:19,920 --> 00:00:23,759 Speaker 1: eight past six now. Wellington councilors want to investigate what 10 00:00:23,880 --> 00:00:26,720 Speaker 1: tools the council has to force the redevelopment of Johnsonville 11 00:00:26,800 --> 00:00:29,880 Speaker 1: more like shopping center the shopping centers and I saw 12 00:00:29,920 --> 00:00:32,160 Speaker 1: after decades of an action and all the big retailers 13 00:00:32,200 --> 00:00:33,800 Speaker 1: like the warehouse and paper Plus and so on have 14 00:00:33,920 --> 00:00:38,080 Speaker 1: pulled out. It's owned by an investment management firm, Stride Property. 15 00:00:38,320 --> 00:00:41,599 Speaker 1: Stride Property says it's still working on redevelopment options. Wellington 16 00:00:41,640 --> 00:00:45,159 Speaker 1: Councilor Ben McNulty put forward the emotion of notice and 17 00:00:45,200 --> 00:00:46,120 Speaker 1: it's with us now, Hey. 18 00:00:45,960 --> 00:00:48,720 Speaker 2: Ben, getting together, Thanks having me, Yeah. 19 00:00:48,520 --> 00:00:51,640 Speaker 1: You're welcome. Listen. What's happened? Why has it been largely abandoned? 20 00:00:52,680 --> 00:00:55,960 Speaker 2: Yeah, Look, there's a really long history here, which involves 21 00:00:56,360 --> 00:00:59,680 Speaker 2: a terrible council to set some decision when Kira Prendagast 22 00:00:59,760 --> 00:01:03,400 Speaker 2: was me to actually protect the Golden Mile against competition 23 00:01:03,440 --> 00:01:06,319 Speaker 2: in them all and it's ability. And then in twenty 24 00:01:06,360 --> 00:01:08,479 Speaker 2: twenty two the shoe was on the other foot when 25 00:01:08,640 --> 00:01:11,560 Speaker 2: we were working as counsel and partnership with Stride to 26 00:01:11,640 --> 00:01:14,520 Speaker 2: build a housing project mixed use, and government would have 27 00:01:14,520 --> 00:01:17,360 Speaker 2: put seventeen mil of money in there for water. They 28 00:01:17,440 --> 00:01:19,440 Speaker 2: walked away at the last minute. They're half owned by 29 00:01:19,440 --> 00:01:22,760 Speaker 2: an Australian superannuation fund and that superannuation fund got the 30 00:01:22,800 --> 00:01:25,280 Speaker 2: spooks and you know, they probably couldn't point to Johnsonville 31 00:01:25,319 --> 00:01:27,640 Speaker 2: on a map if you tried them. And the development 32 00:01:27,680 --> 00:01:30,640 Speaker 2: fell over and we're in stagnation and it's been decades 33 00:01:30,840 --> 00:01:33,640 Speaker 2: of you know, the cycle going around, so it's time 34 00:01:33,680 --> 00:01:34,520 Speaker 2: to try something new. 35 00:01:35,160 --> 00:01:37,080 Speaker 1: So the fact that you guys want to use the 36 00:01:37,080 --> 00:01:39,320 Speaker 1: Public Works Act, I mean that's pretty serious. Does that 37 00:01:39,360 --> 00:01:41,680 Speaker 1: tell you that that you expect that nothing is going 38 00:01:41,680 --> 00:01:42,080 Speaker 1: to happen? 39 00:01:42,800 --> 00:01:44,200 Speaker 2: Oh? Absolutely this. 40 00:01:45,080 --> 00:01:45,240 Speaker 1: Yeah. 41 00:01:45,280 --> 00:01:47,640 Speaker 2: I've been in our role for about eighteen months now 42 00:01:47,760 --> 00:01:50,280 Speaker 2: and I've been sort of patient. How our local MP, 43 00:01:50,400 --> 00:01:52,800 Speaker 2: greg O Connor's been working with stride up in Auckland 44 00:01:52,800 --> 00:01:56,080 Speaker 2: trying to see something happen, and it's become increasingly clear 45 00:01:56,120 --> 00:01:58,120 Speaker 2: that if you just even look at their latest report, 46 00:01:58,160 --> 00:02:00,960 Speaker 2: they're not in a position to do all scale development 47 00:02:01,440 --> 00:02:04,040 Speaker 2: and they're a commercial property developed by and large and 48 00:02:04,080 --> 00:02:06,520 Speaker 2: commercial not working on the site. If it was, it 49 00:02:06,560 --> 00:02:09,200 Speaker 2: would be thriving. So you need someone who's actually experienced 50 00:02:09,240 --> 00:02:12,320 Speaker 2: at mixed use development like precinct of what they've done 51 00:02:12,360 --> 00:02:14,880 Speaker 2: up in commercial bailor something to come in. So my 52 00:02:15,040 --> 00:02:17,200 Speaker 2: view is if they're not going to use it, they 53 00:02:17,280 --> 00:02:19,040 Speaker 2: might as well lose it, and someone else who can 54 00:02:19,040 --> 00:02:21,320 Speaker 2: actually do for work and has the expertise needs to 55 00:02:21,320 --> 00:02:21,799 Speaker 2: come in. 56 00:02:21,720 --> 00:02:23,239 Speaker 1: Right And so what are you guys thinking about some 57 00:02:23,280 --> 00:02:24,680 Speaker 1: sort of a bustin to change or something. 58 00:02:25,360 --> 00:02:27,680 Speaker 2: Well, that's the sort of hook right in the long 59 00:02:27,760 --> 00:02:30,040 Speaker 2: term plan for a greater Wellington. They want to build 60 00:02:30,080 --> 00:02:31,919 Speaker 2: a bus and to change next to the railway station. 61 00:02:32,360 --> 00:02:34,240 Speaker 2: To do that, they have to acquire some of them 62 00:02:34,240 --> 00:02:36,480 Speaker 2: all land to do that. So there's a really strong 63 00:02:36,520 --> 00:02:38,480 Speaker 2: case of the Public Works Act to be used there 64 00:02:38,720 --> 00:02:40,080 Speaker 2: for the rest of them all that might not be 65 00:02:40,160 --> 00:02:42,320 Speaker 2: as easy, but there's also the Urban Development Act and 66 00:02:42,360 --> 00:02:44,040 Speaker 2: we just want to look at what the options are, 67 00:02:44,080 --> 00:02:46,160 Speaker 2: so we've got some kind of idea instead of just 68 00:02:46,240 --> 00:02:48,840 Speaker 2: hoping and praying that they might have a change of heart, 69 00:02:49,000 --> 00:02:49,920 Speaker 2: you know, one day. 70 00:02:50,360 --> 00:02:52,119 Speaker 1: Is there anybody actually still in the moon. 71 00:02:53,440 --> 00:02:56,840 Speaker 2: I think the vacancy rate's almost fifty percent. All of 72 00:02:56,840 --> 00:03:00,440 Speaker 2: the large retailer's gone, the warehouse, talent, Stein, zeb you know, 73 00:03:00,680 --> 00:03:03,520 Speaker 2: paper plus. It is now just a mishmash of small 74 00:03:03,560 --> 00:03:06,840 Speaker 2: independent owners who are doing their best. But recently our 75 00:03:06,919 --> 00:03:09,040 Speaker 2: dry cleaner got run out. The rent went up as 76 00:03:09,120 --> 00:03:11,920 Speaker 2: RUFE was leaking. I'd be surprised if there's going to 77 00:03:11,919 --> 00:03:14,320 Speaker 2: be many people left if we don't do anything in 78 00:03:13,880 --> 00:03:14,960 Speaker 2: their future. 79 00:03:15,120 --> 00:03:16,880 Speaker 1: Yeah, I look forward to seeing how you go with this. Hey, 80 00:03:16,880 --> 00:03:19,000 Speaker 1: thank you very much, Ben, really appreciate it's been McNaughty 81 00:03:19,280 --> 00:03:23,799 Speaker 1: Wellington Counselor. For more from Hither Duplessy Allen Drive, listen 82 00:03:23,880 --> 00:03:26,920 Speaker 1: live to news talks the'd be from four pm weekdays, 83 00:03:27,000 --> 00:03:29,200 Speaker 1: or follow the podcast on iHeartRadio.