“If we get it back progressively, the market has shown it can pick up about 5 hectares a year and still pay top price,” Brown says. “If you put it all up straight away, the price will drop sufficiently that even I’d be able to buy a few hectares of it.”
Detractors say the port is a strategic asset and should be kept by the city to retain jobs.
Brown explains his proposal would lock in a 35-year commitment, providing certainty to businesses and workers about the long-term footprint of the Port.
“If we offer a lease for 35 years, the jobs will be there for 35 years. If we don’t sell a licence, it will be gone in 10 years.
“Winston and I will be under way dismantling the port.”
He is adamant he will not carry on using the rates paid by some 35,000 houses to cover the difference between what the port makes and the cost of ownership.
Brown acknowledges it might look as though he has done a flip but says the one thing he knows is you have to compromise.
“All those people who think the port will stay there forever are dreaming,” he says.
“I am being accused of changing my mind, but it’s a pragmatic approach. I’m the ultimate pragmatist.”