It received $9.1 million from the Government’s Covid-19 recovery fund, with the council adding a further $225,000 for the plan change and $525,000 for road and rail access, and Rangitīkei Forestry Holdings contributing $500,000 and providing a debarker.
The council had been in the Environment Court over the project since 2021 when horse trainer Fraser Auret appealed the zoning, joined by the interested Residents of Marton group.
Following the court’s decision, Watson said the council should be able to release plans about potential business partners for the hub soon.
“There are a number of steps left and I can’t fully name all of the parties involved in this but time has rolled on and we should be able to release some information from commercial entities that want to be set up in our district.”
He said the hub would provide a huge capital investment for the district, a significant number of well-paid jobs and an ease-up on rates in the district.
“In terms of economic development, this is probably one of the biggest things that’s happened to our district for a very long time,” he said.
A 2022 economic report by m.e consulting (Market Economics Ltd) found the hub would bring at least 220 new jobs to the district and an extra $17m to $31m to the Rangitīkei district’s GDP.
The hub would also have a wider effect outside Rangitīkei, with it adding at least $36m in GDP and 360 jobs.