Latest / Best of Business / Dave Mazey: Whakapapa Holdings Chief Executive on the DoC granting Whakapapa skifield a 10 year concession

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Dave Mazey: Whakapapa Holdings Chief Executive on the DoC granting Whakapapa skifield a 10 year concession · Best of Business

• 0:09
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  Speaker 2: Meghan Markle, otherwise known as HRH, Duchess of Sussex. Now, whoops.
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  Speaker 2: not the end of the Megan Michael news that I
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  Speaker 2: have for you, because she is incorrigible at the moment.
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  Speaker 2: Stand by for the next but twenty three away from seven. Now,
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  Speaker 2: the future is secured for Fucker Upper Skifield. Doc has
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  Speaker 2: granted Fucker Puppa Holdings a ten year concession to operate
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  Speaker 2: the skifield. And this comes after the government spent fifty
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  Speaker 2: million dollars to keep the skifield going after Rupe who
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  Speaker 2: Alpine Lifts went bust. Dave Maizie is Fucking Puppa Holding's
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  Speaker 2: chief executive and with us. Hey, Dave, congratulations, Thank you
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  Speaker 2: very much.
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  Speaker 3: Is it an honor to follow an article on Megan?
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  Speaker 1: Jeez?
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  Speaker 2: I don't know, do you know what? Just console yourself
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  Speaker 2: with the fact that whatever you do, you're not going
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  Speaker 2: to annoy people as much as she does. So you're
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  Speaker 2: already on the winner. I want to talk to you
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  Speaker 2: about this ten year concession. Now, normally the concessions are
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  Speaker 2: a lot longer. What's happened here? Why have you It's
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  Speaker 2: like thirty to forty years in most cases, So why
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  Speaker 2: have you got ten?
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  Speaker 3: We were quite comfortable with the ten that was on
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  Speaker 3: the table and develop that of discussions with EWI and doc.
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  Speaker 3: And it's really to provide at least five years of
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  Speaker 3: ability in a less pressured environment to have the discussions
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  Speaker 3: with EWI to see what are the long term acceptable
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  Speaker 3: outcomes for that place in the context of fockobabisciia.
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  Speaker 2: And is the answer that that is all that EWE
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  Speaker 2: would have allowed you to have.
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  Speaker 3: Well, possibly, but we actually agreed with the philosophy that
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  Speaker 3: it is pointless trying to resolve a twenty or thirty
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  Speaker 3: or forty future in the context of what has been
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  Speaker 3: going on since ral went into liquidation and the receivership,
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  Speaker 3: and so to take the opportunity to keep it running
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  Speaker 3: and ticking and providing value on benefits for communities and
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  Speaker 3: North Islanders primarily and communities in the central North Island
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  Speaker 3: and have the opportunity with the eight various EWI entities
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  Speaker 3: that we need to engage with to do that in
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  Speaker 3: a less pressured time pressured environment is the only way
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  Speaker 3: we're going to understand and develop a long term future.
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  Speaker 2: How did you feel about putting I mean, you obviously
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  Speaker 2: have to put a fair amount of investment into this business,
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  Speaker 2: and knowing that you're doing that, knowing you've only got
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  Speaker 2: ten years rather than thirty or forty, comfortable with that?
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  Speaker 3: Yeah, I mean our investments in the next few years
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  Speaker 3: will be focused on changes that we can make that
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  Speaker 3: will have a relatively fast payback. So yes, snowmaking is
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  Speaker 3: the classic snowmaking and groomyo classics. And then past that,
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  Speaker 3: we're taking on thirteen and a half million dollars worth
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  Speaker 3: of debt that is due for repayment in three or
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  Speaker 3: four years time, and we need to work through that
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  Speaker 3: with those bondholders and those providers of that debt. And
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  Speaker 3: then hopefully within five to ten years we have an
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  Speaker 3: answer on what's an acceptable long term operation and development
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  Speaker 3: and then we will apply for a longer term license.
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  Speaker 2: Yesterday, the EWE told newsroom dot co dot and said
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  Speaker 2: that they want the government's retreat from the mountain. Does
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  Speaker 2: that include you too?
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  Speaker 3: I think that my reading of that newsroom article, which
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  Speaker 3: it's from ew of ninety two for its other and
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  Speaker 3: it's more they want the government removed from the governance
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  Speaker 3: of the manger and it steered because they believe that
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  Speaker 3: the original TUKU, which put place the peaks of the
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  Speaker 3: three mountains in a co governance relationship rather than a gift,
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  Speaker 3: the crown has an honored the side of that co governance.
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  Speaker 3: And it's complex, and you and I aren't going to
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  Speaker 3: solve complex issues like that.
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  Speaker 2: Are you worried about climate change and the fact that
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  Speaker 2: you're going to have less and less snow up there?
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  Speaker 3: All right? And that's part of what we need to
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  Speaker 3: start doing over the next five to ten years is
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  Speaker 3: transition the business and that the entity into something that
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  Speaker 3: can be sustainable throughout the variability of weather that we're
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  Speaker 3: going to have in our lifetime. And we're like, you know,
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  Speaker 3: if you're farming in the far North and then fifty
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  Speaker 3: years time it's going to be two degrees warmer. You'll
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  Speaker 3: start to think about what crops would I be planting
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  Speaker 3: in fifty years time, but you won't necessarily move to
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  Speaker 3: them tomorrow, and we'll be in that game and years
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  Speaker 3: definitely there'll be shorter seasons, will be less snow, and
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  Speaker 3: we'll use snowmaking opportunities and snow management opportunities to mitigate
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  Speaker 3: some of that. The Skywalker is a classic investment that
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  Speaker 3: was targeted at providing a stronger year round business or
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  Speaker 3: commercial activity, and so there's a transition process that's to
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  Speaker 3: go there. But we know what the current scientific evidence
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  Speaker 3: is sane about what the climate will look like in
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  Speaker 3: New Zealand and fifty years time. But it'll be a
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  Speaker 3: slow process and we will transition to match that. I've
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  Speaker 3: got no doubts about that.
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  Speaker 2: Well, Dave, feast of luck with it, and I hope
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  Speaker 2: you have a wonderful time running this business. Dave maysi
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  Speaker 2: the chief executive of Fucker Pupper Holdings.
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