From The Malborough Express- Stuff
A sales history of the property shows the then 1348 hectare Rakanui station, 10 kilometres south of Kaikoura, was sold in 2005 for a gross price of $8 million. Last year, the reported 1345 hectares was sold to the American couple for $7.5 million by Ngai Tahu Property Ltd. The property had changed hands in 2004 for $2.3 million, and in 1983 for just $117,500.So we have sold 1348 hectares of our land and we did it because it was considered another transactional item in the market place. The justifications are/will be many and varied but the facts remain.
There is something wrong with the model if that can happen - there is something in the tension between maintaining the putea and our kaitiakitanga role that needs to be really looked at and considered IMO. This is precious life giving land and i mean life giving in the spiritual as well as the practical sense. If this sale is okay - what next?
Perhaps mana whenua approved this sale, maybe they consider it a good thing - I hope not.