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Speaker 1: Despite the fact that Shane Jones said no more money

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Speaker 1: for RAL, Cabinet has approved a five minute end old

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Speaker 1: bone for Fucking Papa Holdings limits it to buy RuPay

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Speaker 1: Who's Fucker Papa ski Field, So the loan hangs on

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Speaker 1: Fucker Papa Holdings getting a concession to run the skifield

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Speaker 1: from the Department of Conservation. This could be complete by April,

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Speaker 1: ready for the twenty twenty five ski season. So Dave

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Speaker 1: Maysie as a man trying to hold it all together

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Speaker 1: and joins in Now, Hello.

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Speaker 2: Dave, Hello Andrew, how are you.

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Speaker 1: I'm very good and obviously I'm a former life pass

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Speaker 1: owner from nineteen seventy six. Mate, I want this field

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Speaker 1: to go, will it? I wanted to work.

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Speaker 2: No, it'll go. It'll work, it will be successful and

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Speaker 2: it'll get back to contributing to central North of Island

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Speaker 2: economy in particular and the lifestyle of a lot of Kiwis.

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Speaker 1: It's fuck Papa Holdings in any way related to the

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Speaker 1: old RAL rupey who our plane lips?

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Speaker 2: No, No, I'm the own me. You're the only one

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Speaker 2: an individual that's got an association with RAL from years

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Speaker 2: gone by.

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Speaker 1: The government's giving cash I mean, do you have private

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Speaker 1: backers who will step in from April?

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Speaker 2: You know, there's a group of investors that come out

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Speaker 2: of the South Island Office, which is a cross Chage

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Speaker 2: based investment company and myself the investors. If you get.

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Speaker 1: Approval from the Department of If you get approval from

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Speaker 1: the Department of Conservation, it comes to in April, does

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Speaker 1: that give you enough time to be skiing in July.

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Speaker 2: Well, the receivers will be trading the company up until

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Speaker 2: that settlement day and they'll be preparing it for winter.

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Speaker 2: So yes, we don't have an issue with it.

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Speaker 1: Something I've always asked is if I wondered about is

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Speaker 1: what's happening to the ski clubs that are on Fuckerpata

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Speaker 1: because there's about forty or fifty of them up there.

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Speaker 1: I used to belong to Christiania Made of Mine, used

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Speaker 1: to be the president of Tahara Nuku. I mean, there's

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Speaker 1: a lot of infrastructure up there that is dependent on

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Speaker 1: people being able to ski.

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Speaker 2: Yeah, and that's part of the risks for Focker Parper

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Speaker 2: not trading going towards there's fifty eyed lodges there. They're

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Speaker 2: still they're still there. There's still very much as you

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Speaker 2: will remember. And if the skier is not, there reasonable

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Speaker 2: expectation that those lodges will all all those clubs will

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Speaker 2: fall over and that for the next five to ten years,

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Speaker 2: and someone's got to pick up the cost of their removing.

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Speaker 1: Oh yeah, now that's the other thing. When when this

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Speaker 1: field falls over or touro fall falls over, the Department

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Speaker 1: of Conservation demands that you then have to re establish

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Speaker 1: the mountain. You're going to take down the kit another

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Speaker 1: and if you had to take down all the ski

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Speaker 1: field kit, that's one hundred million dollars to take down

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Speaker 1: a holiday kit that does nothing.

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Speaker 2: Why well, it's a World Heritage site that's sincerely strong

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Speaker 2: and highly regarded attributes associated with them on or it's

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Speaker 2: incredibly significant to local ee and you don't lead strained

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Speaker 2: their sets in a national park. When road bridges get

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Speaker 2: roads get realigned, and a bridge is redundant through a

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Speaker 2: national park, it gets fully removed in the land restored,

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Speaker 2: same principle.

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Speaker 1: So expensive and one last question.

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Speaker 2: The companies were clubs have gone into receivership or liquidation,

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Speaker 2: then that that cost falls on dark or the government.

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Speaker 1: And finally the skywalker, which is the gondola. Is that

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Speaker 1: separate to the ski operation? I mean, will that always

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Speaker 1: continue because it has a sightseeing thing, it has a

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Speaker 1: restaurant at the top. Is that sort of separated from

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Speaker 1: the rest of the company and the operation.

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Speaker 2: Now that it's one of the assets that will be.

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Speaker 1: Buying so which means you can operate all year long. Dave, look,

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Speaker 1: I wish you obviously only the best of luck and

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Speaker 1: we should know this by April.

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Speaker 2: For more from earlier edition with Ryan Bridge, listen live

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Speaker 2: to News Talks. It'd be from five am weekdays, or

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Speaker 2: follow the podcast on iHeartRadio.