Auckland Transport is negotiating with four parties on the last remaining properties standing in the way of its $2.5 billion City Rail Link.
A spokesperson said the parties had the final properties AT needs along its route. Auckland Transport has already spent $100 million buying 65 properties and is down to the final and probably most difficult real estate it must acquire to complete the above-ground transactions.
Notices of compulsory acquisition have been issued for properties owned by Mike and Julie Hoeft. He is an Auckland-based property specialist who works for a large business but did not wish to discuss the issues.
Negotiations for the Life church property have been going on for some years and will only be resolved once Auckland Transport finds a suitable replacement site so it can acquire that large site at 95 Mt Eden Rd. A city official predicted $10 to $20 million could be spent on that one property because people travel to the central location from all parts of Auckland.