Latest / Early Edition with Ryan Bridge / Dave Mazey: Whakapapa Holdings CEO on the potential sale of the Whakapapa ski field and it operating next season

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Dave Mazey: Whakapapa Holdings CEO on the potential sale of the Whakapapa ski field and it operating next season · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: Despite the fact that Shane Jones said no more money
• 0:02
  Speaker 1: for RAL, Cabinet has approved a five minute end old
• 0:04
  Speaker 1: bone for Fucking Papa Holdings limits it to buy RuPay
• 0:07
  Speaker 1: Who's Fucker Papa ski Field, So the loan hangs on
• 0:10
  Speaker 1: Fucker Papa Holdings getting a concession to run the skifield
• 0:13
  Speaker 1: from the Department of Conservation. This could be complete by April,
• 0:16
  Speaker 1: ready for the twenty twenty five ski season. So Dave
• 0:19
  Speaker 1: Maysie as a man trying to hold it all together
• 0:20
  Speaker 1: and joins in Now, Hello.
• 0:21
  Speaker 2: Dave, Hello Andrew, how are you.
• 0:24
  Speaker 1: I'm very good and obviously I'm a former life pass
• 0:28
  Speaker 1: owner from nineteen seventy six. Mate, I want this field
• 0:31
  Speaker 1: to go, will it? I wanted to work.
• 0:34
  Speaker 2: No, it'll go. It'll work, it will be successful and
• 0:38
  Speaker 2: it'll get back to contributing to central North of Island
• 0:42
  Speaker 2: economy in particular and the lifestyle of a lot of Kiwis.
• 0:46
  Speaker 1: It's fuck Papa Holdings in any way related to the
• 0:49
  Speaker 1: old RAL rupey who our plane lips?
• 0:52
  Speaker 2: No, No, I'm the own me. You're the only one
• 0:54
  Speaker 2: an individual that's got an association with RAL from years
• 0:58
  Speaker 2: gone by.
• 0:59
  Speaker 1: The government's giving cash I mean, do you have private
• 1:01
  Speaker 1: backers who will step in from April?
• 1:05
  Speaker 2: You know, there's a group of investors that come out
• 1:07
  Speaker 2: of the South Island Office, which is a cross Chage
• 1:10
  Speaker 2: based investment company and myself the investors. If you get.
• 1:16
  Speaker 1: Approval from the Department of If you get approval from
• 1:18
  Speaker 1: the Department of Conservation, it comes to in April, does
• 1:21
  Speaker 1: that give you enough time to be skiing in July.
• 1:25
  Speaker 2: Well, the receivers will be trading the company up until
• 1:31
  Speaker 2: that settlement day and they'll be preparing it for winter.
• 1:36
  Speaker 2: So yes, we don't have an issue with it.
• 1:38
  Speaker 1: Something I've always asked is if I wondered about is
• 1:42
  Speaker 1: what's happening to the ski clubs that are on Fuckerpata
• 1:45
  Speaker 1: because there's about forty or fifty of them up there.
• 1:47
  Speaker 1: I used to belong to Christiania Made of Mine, used
• 1:49
  Speaker 1: to be the president of Tahara Nuku. I mean, there's
• 1:52
  Speaker 1: a lot of infrastructure up there that is dependent on
• 1:55
  Speaker 1: people being able to ski.
• 1:57
  Speaker 2: Yeah, and that's part of the risks for Focker Parper
• 2:02
  Speaker 2: not trading going towards there's fifty eyed lodges there. They're
• 2:06
  Speaker 2: still they're still there. There's still very much as you
• 2:09
  Speaker 2: will remember. And if the skier is not, there reasonable
• 2:16
  Speaker 2: expectation that those lodges will all all those clubs will
• 2:19
  Speaker 2: fall over and that for the next five to ten years,
• 2:23
  Speaker 2: and someone's got to pick up the cost of their removing.
• 2:27
  Speaker 1: Oh yeah, now that's the other thing. When when this
• 2:30
  Speaker 1: field falls over or touro fall falls over, the Department
• 2:34
  Speaker 1: of Conservation demands that you then have to re establish
• 2:37
  Speaker 1: the mountain. You're going to take down the kit another
• 2:39
  Speaker 1: and if you had to take down all the ski
• 2:40
  Speaker 1: field kit, that's one hundred million dollars to take down
• 2:43
  Speaker 1: a holiday kit that does nothing.
• 2:45
  Speaker 2: Why well, it's a World Heritage site that's sincerely strong
• 2:51
  Speaker 2: and highly regarded attributes associated with them on or it's
• 2:56
  Speaker 2: incredibly significant to local ee and you don't lead strained
• 3:00
  Speaker 2: their sets in a national park. When road bridges get
• 3:06
  Speaker 2: roads get realigned, and a bridge is redundant through a
• 3:08
  Speaker 2: national park, it gets fully removed in the land restored,
• 3:10
  Speaker 2: same principle.
• 3:11
  Speaker 1: So expensive and one last question.
• 3:13
  Speaker 2: The companies were clubs have gone into receivership or liquidation,
• 3:18
  Speaker 2: then that that cost falls on dark or the government.
• 3:23
  Speaker 1: And finally the skywalker, which is the gondola. Is that
• 3:27
  Speaker 1: separate to the ski operation? I mean, will that always
• 3:29
  Speaker 1: continue because it has a sightseeing thing, it has a
• 3:33
  Speaker 1: restaurant at the top. Is that sort of separated from
• 3:35
  Speaker 1: the rest of the company and the operation.
• 3:38
  Speaker 2: Now that it's one of the assets that will be.
• 3:41
  Speaker 1: Buying so which means you can operate all year long. Dave, look,
• 3:46
  Speaker 1: I wish you obviously only the best of luck and
• 3:48
  Speaker 1: we should know this by April.
• 3:50
  Speaker 2: For more from earlier edition with Ryan Bridge, listen live
• 3:53
  Speaker 2: to News Talks. It'd be from five am weekdays, or
• 3:56
  Speaker 2: follow the podcast on iHeartRadio.