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Eastern Bay’s Land Dividend Dilemma | Auckland News
A fierce debate is heating up over how Quayside Holdings’ $40M annual profits should be split — with the Ōpōtiki District Council pushing for a land-area-based dividend model that could flood the Eastern Bay with $32M for environmental protection, but at a steep cost: ratepayers there might face a 58% jump in regional service fees, since the Western Bay currently subsidizes operations through its higher property values. As councils eye unitary authority status, this funding tug-of-war could reshape Bay of Plenty’s future — especially for regions like Eastern Bay, home to vital river and…
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