News

Impact assessment shows new marina would be a boon for region

Posted on July 18, 2017

With the America’s Cup securely back in Team New Zealand’s hands the attention has now turned to where the next event will be held.

If the event was to be held in Auckland, which seems extremely likely at this stage, Northland seems well placed to get a slice of the America’s Cup action. The region boasts many advantages that would support an event running smoothly including competitive, world-class refitting and repair facilities, a range of marinas able to host an assortment of visitor experiences, and harbours perfect for sailing on.

For Northland Inc, this all seems timely having just wrapped up an Economic Impact Analysis in conjunction with the Whangarei Harbour Marina Management Trust (WHMMT) focused on assessing the impact that the build of 115 new marina berths at Okara would have on the Northland economy. This project has recently been added to the Tai Tokerau Northland Economic Action Plan.

Market Economics estimates that the construction of the new berths and supporting amenities will require the creation of 82 positions and subsequently deliver $13.26 million to the Northland economy in both direct and value added activities during the two-year construction period.
 
Once fully operational, with the berths being fully occupied over the summer season, it is estimated that the business from the marina will generate $7 million in ongoing spend annually and $9.43 million in value added activities, with the additional expenditure in the economy sustaining the equivalent of 129 new jobs per annum.