Iwi drops bid for RAL

Ngāti Tūwharetoa has taken its offer for RAL off the table and will take legal action if the sale isn't halted.

Ruapehu Alpine Lifts (RAL) was placed into liquidation on 21 June after a creditor vote the day before failed to approve either of the two proposals put forward. Five days later, on 26 June, the Ngāti Tūwharetoa iwi expressed interest in purchasing the Ruapehu ski fields.

However, last Monday,  Ngāti Tūwharetoa took its offer off the table.