A last ditch attempt to get back up to $70 million worth of waterfront land on Auckland's Te Atatu Peninsula has been knocked back by the Supreme Court, which this afternoon refused to take the case.
The land in question was acquired by the Auckland Harbour Board more than 50 years ago to build a port but by the late 1970s it became clear that project would not go ahead.
It was rezoned and while some of the land forms part of a residential subdivision, most is within a public park and its potential value for housing is huge.
Laws passed in the early 1980s obliged local authorities to offer to sell land no longer required for public works back to its original owners at its current value.
The descendants of the seven original owners have claimed the successor of the Harbour Board - Auckland Council - breached its duty to offer to sell the land back to them.