It’s believed that more thought needs to go into the Auckland Mayor's plans to sell the long-term lease of the Ports of Auckland.

Wayne Brown is putting forward two options for the port in his proposed 10-year budget, which also includes a rates rise of 7.5%. 

He proposes either keeping the business and gradually releasing land for public use or selling the lease to raise up to $3 billion. 

Auckland Councillor Wayne Walker told Tim Dower that the port does bring in a good amount of income. 

He says they've been told it could be returning $2 million a week, which it's on track to do, as it's returning a million a week now.

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It’s believed that more thought needs to go into the Auckland Mayor's plans to sell the long-term lease of the Ports of Auckland. 
Wayne Brown is putting forward two options for the port in his proposed 10-year budget, which also includes a rates rise of 7.5%.  
He proposes either keeping the business and gradually releasing land for public use or selling the lease to raise up to $3 billion.  
Auckland Councillor Wayne Walker told Tim Dower that the port does bring in a good amount of income.  
He says they've been told it could be returning $2 million a week, which it's on track to do, as it's returning a million a week now. 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.