The government and Auckland Council are set to jointly form an urban redevelopment company to transform Tâmaki (including Glen Innes, Point England and Panmure) in Auckland over the next 15-25 years.
Housing Minister Phil Heatley says the jointly-owned Tâmaki Redevelopment Company marks a new type of business structure in New Zealand will bring together public and private sector partners and investment, as well as consult with the community.
Debra Lawson, who has more than 20 years’ experience managing urban regeneration programmes in the UK, has been appointed CEO-designate.
The new company is expected to be operational as soon as board appointments have been made in the next few months.
Heatley says that, if successful, this redevelopment programme could be a blueprint for urban renewal elsewhere in the country.
“Successful transformation programmes overseas have brought together the local community, government, business, education, social agencies, developers and financiers in collaboration to achieve a common vision.
“Tâmaki is a key growth area for Auckland and its future prosperity will have a flow-on effect for the rest of the country."
Auckland mayor Len Brown said the work in Tâmaki reflects what the council is working to achieve across Auckland through the recently-launched Auckland Plan.
Tāmaki has been identified as an area with significant potential, being close to the Auckland and Manukau central business districts and of significant cultural importance to the mana whenua of the Auckland area.
The Tâmaki Redevelopment Company will focus on four key areas.
A social component will support Tâmaki residents in getting skills, knowledge and employment opportunities, alongside a broader economic mandate to create jobs and business opportunities.
A housing component will optimise land use and existing housing stock as well as driving further development, and a spatial component will work to create safe and connected neighbourhoods and spaces.
The first task for the Tâmaki Redevelopment Company will be to bring all current and future initiatives and projects together into a single strategic framework. The Crown and the council will approve the overarching plan and business cases before full transformation projects start.
Heatley said the Tâmaki Redevelopment Company will lead the charge, undertaking some projects itself, and driving others.
The company will have offices in the Glen Innes town centre.
For further information see tamakitransformation.co.nz.