By Campbell McIlroy
|
Friday 22nd September 2000 |
Text too small? |
THE TOWER: An artist's impression
|
An attempt to have the Society for the Protection of Auckland City and Waterfront's proceedings struck out has been dismissed by Justice David Morris in the High Court at Auckland.
Spacwi wants the High Court to review the tower's resource consents.
Counsel for Spacwi Geoff Hardy said this was the bigger hurdle to overcome as his client thought it had pretty good grounds for a judicial review.
Justice Morris said Spacwi's interest went beyond selfish concerns and raised issues which were of genuine importance to the public.
He said striking out the application would carry the real risk a wrongful act on the part of the city council would stand uncorrected.
The decision comes three weeks after Ampam made a seven-figure out-of-court settlement with No 1 Queen St, which also sought a judicial review of the tower's resource consents.
Ampam head of property Anthony Beverley said the decision was significant, not only for Ampam but the entire property industry, as the courts had recognised an incorporated society which did not exist until nine months after consents were granted. He was also concerned the society had been ordered to pay only $15,000 for security for costs. Ampam had asked for $70,000 and expected the case would cost up to $300,000.
Ampam was yesterday considering whether to appeal the decision.
Ampam has allowed for a contingency of $10 million against any possible delays. It has already spent $18 million on the settlement of the land and $10 million on the work carried out so far.
No comments yet
CMO - Preliminary result and dividend
GXH - Green Cross Health Limited (GXH) CEO Resignation
MEL - Meridian Energy monthly operating report for July 2026
August 14th Morning Report
VHP - Managed Investment Scheme 2026 Annual Report
PYS - Annual Meeting and Director Nominations
SCT - Scott Expects Record FY26 as 2030 Strategy Gains Momentum
PGW - Positive PGW Results in Improving Markets
TEM - Board appointment
VGL - Vista congratulates James Miller on FMA Chair appointment