Auckland ratepayers are coughing up $23.8 million in the region's biggest leaky building case.
The 150 owners of the Nautilus Building in Orewa can now begin fixing their apartments after the Auckland Council yesterday agreed to pay most of a $25.07 million award against the council and other parties.
Trevor Corin, chairman of Nautilus' body corporate, said it had been a hard road for apartment owners, many of whom were semi-retired or retired, who had endured six years of hardship after discovering issues in 2009.
"To get this outcome everybody will be relieved and it means we can get on and fix our building. Everything going well we should be able to start work early next year," Mr Corin said. He said it would be two years before most owners' lives were back to normal.
The High Court at Auckland awarded $25.07 million to the owners of the 12-level Nautilus Building on April 29 this year.