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The Southland District Council is considering the formation of a trust for the trail — a 186km journey which is one of 22 certified Great Rides in New Zealand.
The trail covers Walter Peak to Kingston and attracted more than 3000 cyclists over the last summer season.
SDC commercial infrastructure manager Ashby Brown said the formation of a trust would have considerable benefits for the asset.
"We believe this is the right direction to take the trail to ensure it continues to evolve and truly reaches its potential," Mr Brown said.
"We’re keen to hear from people passionate about the cycle trail and ... who have a level of appreciation for governance and the relevant skills and experience complementary to a trust of this nature."
While details were still to be finalised, under the proposed trust structure the council would retain ownership of the asset and all associated intellectual property, together with responsibility for asset management and maintenance.