Trust to build development
A new property development in Manukau will eventually pay dividends for the community.
That's the view of the Wiri Licensing Trust, which is redeveloping land it owns on Great South Rd and Ronwood Ave.
General manager Steve Wilkinson says a new block of retail shops will be built on the site where the Mobil service station used to be.
Stage one of the redevelopment will house a variety of fast food outlets.
"More tenants means more revenue," Mr Wilkinson says.
More shops will be built in stage two as finance allows.
Mr Wilkinson says the redevelopment requires borrowing but "in the long term it secures the sustainability of the trust".
The trust has had to restrict the number of grants it makes from the bars it operates.
But money available to the community from gaming has increased, Mr Wilkinson says.
That's because a private bar operating on Wiri trust land is now using the same gaming trust as the Wiri trust's premises, increasing the amount of money that stays in South Auckland.
"The ultimate aim is to put more and more money back into our community," Mr Wilkinson says.
Wiri trust chairman Alan Johnson says its trustees work with its gaming trusts to decide which groups benefit from gaming profits.
"All grants have to be for the benefit of local people."
The trust's boundaries stretch from Papatoetoe through Manurewa and into Papakura.
- © Fairfax NZ News
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