Ambitious plans to create a $150 million world-class marine industry precinct at Hobsonville near a vast new housing estate have met with a limp reception.
An Auckland Council meeting will today discuss progress at West Auckland's Yard 37, a key component of the overall Hobsonville Point development on a government-owned former airbase where about 2000 jobs were once expected to be created.
But the private sector has largely shunned the zone, hit by a global downturn and a high New Zealand dollar. Even with government support and financial backing from NZ Trade and Enterprise the concept appears to be a flop, with just one business in the zone.
A 20ha block of waterfront land 23km from Auckland's CBD has been dedicated exclusively to creating and maintaining the world's best super yachts and other marine services.
But the global economic downturn and strong competition from Asia has dampened enthusiasm from local industry.