Auditorium plans back on track

Ruapehu Bulletin, Volume 7, Issue 343, 10 July 1990, Page 1

Auditorium plans back on track

Whakapapa Visitor Centre's auditorium is off the back boiler and should be completed by Christmas 1990 following the securing of funds for the project.

Tongariro Taupo regional conservator Paul Green requested funding for the third and final stage of the centennial project redevelopment, -which began in September 1987, from the Ton-

gariro National Park Trust along with other smaller trust accounts made up largely of donations and subsidies. Field centre manager Russel Montgomery said Turnpage2

Offers on most auction sections

From page 1 liquidators for consideration. If successful 16 sections would be sold. Challenge Realty marketing manager Angela Cook said the reserve prices were set by a Palmerston North agent and were higher than the prices that her company and local agent Keith Haitana had recommended. She said the offers they had received were close to the reserves that they would have set. Many of the offers came from local builders and developers, with some coming from skiers interested in investing in the ski town. Ms Cook said they were pleased with the

results and that they showed that there is confidence in the Ohakune property market. Many of the sections later the schedule attracted no bids but some still drew offers later in the afternoon. During the auction a member of the audience said the prior advertising claimed the company would let the market decide the value of the sections and implied that they were not matching that promise by passing in sections at the bids reached. The auctioneer replied that the market comprised a willing buyer and a willing seller and that at most of the bids put forward, the seller was not willing.

Ms Cook later said there had been rumours circulating that sections could go for between $1000 and $5000, which were unfounded. She said the company had no intention of letting them go at that

sort of price and that it would have been bad for the town to have done so. There was a potential buyer for all the remaining sections, she said. The agents were to meet with the liquidators

yesterday morning to discuss the offers. The liduidation auction was brought about by the failure of the land development company as well as their financiers.