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The Hauraki Gulf Forum will spend $50,000 to employ an economist to put a value on the gulf.
Executive officer Alex Rogers says the forum has been working with “piecemeal or extractive-only valuations” for too long.
The new work will establish a “minimum floor valuation” and look beyond just the economic. It will also consider the social, wellbeing and cultural value of the gulf.
“The valuation will look at a rough flow of value over a year and I expect the value to be a large figure.
It will require an unusual economist to take on the work,” co-chair Pippa Coom said.
She added that the valuation would put the Hauraki Gulf Forum in a better position to advocate.
The work is expected to start in October with the final report delivered by next April.
