Ngai Tahu has a conditional contract on the old Wanaka
Primary School site, the Ministry of Education confirmed
The school site was recently offered for a second time to the
tribe after it failed to sell on the open market because a
lack of market demand for development sites had caused the
value of the property to drop.
The first offer, made as part of the standard disposal
process for Crown-owned property, was declined by Ngai Tahu.
However, under the terms of the Ngai Tahu Claims Settlement
Act 1998, if the Crown could not sell the property on more
favourable terms than the original offer, it was to be
offered again to Ngai Tahu.
In August, the ministry said the school site was on the open
market at $3.6 million plus GST for the main school block,
and $300,000 plus GST for the other smaller block.
However, the main block was subsequently reduced to $3.25
million plus GST.