pay to play

Our take? if you can afford a boat larger than 40 meters, then you can pay for the privilege of anchoring in such a beautiful place…

Opposition is growing to an Auckland Council proposal for an anchorage tax on foreign-flagged superyachts longer than 40m that moor in waters off the city. If the levy is imposed, the New Zealand Marine Industry Association believes it would cut into the estimated NZ$360m that superyacht visits contribute to the national economy.

The move is estimated to add as much as NZ$1,495 a day to anchor off Great Barrier Island in the Hauraki Gulf.

The most recent to join the fray is Team New Zealand, the defending America’s Cup champions. “Owners will simply choose to go to other destinations around the world out of principle at being unnecessarily gouged,” said the team in a statement, according to stuff.com. Estimates are that up to 160 superyachts could attend the America’s Cup in Auckland in 2021. Read on thanks to IBI.