In 2017 the Council agreed to enter into an agreement to sell and lease land with Shelly Bay Limited so a planned development of housing and public space could proceed.
On 1 September 2023, the Council was informed that Shelly Bay Taikuru Limited (SBTL) had sold their privately owned land at Shelly Bay to Green Tree Holdings Ltd, a company owned by Sir Peter Jackson and Dame Fran Walsh.
The planned housing development at Shelly Bay is no longer going ahead, and the Council has been informed that the new private landowner's immediate goal is to start the landscaping and replanting work required to return Shelly Bay to its natural state before welcoming Wellingtonians back onto the land.
The Council-owned land at Shelly Bay will stay within the Council's ownership and will be reinstated as lawn before any long-term plans are explored.
Once the grass is grown, the site will be reopened to the public, except for the former Shed 8 site, which will remain closed to the public due to health and safety issues that remain following the fire in June 2023.