Auckland mayor Wayne Brown was elected on a platform of moving the Port of Auckland.
But he has now made selling a lease to operate the port a cornerstone of his 10-year budget, known as the Long-Term Plan (LTP).
Critics have questioned Brown’s approach, concerned the port lease would keep cargo locked in its current location for an extended period.
But he says the proposed 35-year lease is a pragmatic solution to extract maximum value from the port. The phased approach would see the return of Captain Cook and Marsden wharves to the public in two years, with Bledisloe North following in 12 to 15 years.
This phased approach would mitigate against a significant drop in land value if the entire port operation was put up holus-bolus.