Newly-refurbished ground floor apartments in a $6 million Mount Maunganui complex owned by economist and businessman Gareth Morgan were flooded at the height of one of the weekend's deluges.
Mr Morgan's investment on the corner of Marine Parade and Pacific Ave was the victim of a stormwater pond across the road failing to cope with the downpour on Saturday evening.
Details of the woes experienced by the co-owner of Wellington's Phoenix soccer team were revealed at Tauranga City Council's meeting yesterday, during which council drainage services manager Graeme Dohnt gave a debriefing.
The lip of the pond was too high and instead of the water running into the dunes, it flowed back in the opposite direction towards the houses.
Councillor David Stewart, who lives nearby, told the Bay of Plenty Times after the meeting the resident next door to Mr Morgan fared worse.