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The Queenstown Lakes District Council is likely to decide next Thursday if it will sell its prime Scurr Heights land in Wanaka.
Tenders for the undeveloped 10.69ha closed last Friday.
Deputy mayor Lyal Cocks told the Otago Daily Times yesterday that there was ‘‘a lot of interest'' in the land and the tenders were in the process of being assessed.
Mr Cocks indicated all council discussion about the tenders would be carried out behind closed doors, with a decision to be announced, probably after Thursday's meeting.
He was being briefed by the evaluation team yesterday.
The land is on the south side of Aubrey Rd and could be subdivided into 140 sections if rezoned medium-density residential as proposed in the council's new district plan.
According to the plan, the medium-density zone would enable terrace housing, semi-detached housing and detached townhouses, generally of no more than two storeys, on smaller sections.
The land has a rateable value of $4.8million.