• The compromise base will be mix of two options: the old tank farm on the left known as Wynyard Point, and some of the Halsey Wharf extensions on the right. Photo: Supplied.
    The compromise base will be mix of two options: the old tank farm on the left known as Wynyard Point, and some of the Halsey Wharf extensions on the right. Photo: Supplied.
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Newsroom. By Tim Murphy.

A compromise base for America's Cup teams on the Auckland waterfront is now likely to be readied for planning consent after a standoff between the Government and Auckland Council over where best to invest up to $140 million of public money.

The new plan is expected to be a pick-and-mix of elements of the two proposals publicly debated since late last year.

The Crown and council would likely go halves in whatever public money is required to develop the waterfront home for the event due to be held between 2020 and 2021. 

Mayor Phil Goff and council officials met America's Cup minister David Parker and government advisers in the Mayor's office on Friday, with the parties saying afterwards they were working well together on outstanding issues.

Auckland Council had already applied for consent for a double wharf extension known as the Wynyard Basin, with support from Team New Zealand. It is based around Halsey and Hobson wharves and is close to the Viaduct and downtown.

But Parker has refused to let go of his preference, a land-based option with no wharf extensions on the old tank farm, known as Wynyard Point.

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