Queenstown Trails Trust Buys Motatapu

[Press release from Queenstown Trails Trust] The Queenstown Trails Trust has purchased the internationally renowned Motatapu event from Iconic Adventures, providing an income stream to help fund the ongoing development of trails in the Wakatipu and ensuring the high standard of the Queenstown Trail is maintained. Trust Chairman Terry Stevens said the Queenstown Trails Trust has been broadening its funding base for the past two years, and due to the generosity of the estate of Peter Wilding, has been able to buy the event for an undisclosed price, effective from today (May 1 2013). “The Motatapu, which includes five separate events under the one umbrella, particularly stood out for the Trust. The 2014 event will mark the tenth year of the event and for many athletes in both New Zealand and offshore the Motatapu is seriously on their bucket list.” The Queenstown Trail was developed and opened in October 2012 at a cost of $5.4m - a joint venture between the Government, Queenstown Lakes District Council and the Trust, with the Department of Conservation an invaluable partner. Mr Stevens also paid tribute to the community for its support enabling the 100km+ trail to become a reality. “With cycling exploding the Motatapu has a fantastic future and it provides the Trust with an opportunity to showcase the many trails in our region to a diverse group of competitors from around the world.” Mr Stevens said the estate of Peter Wilding, already a generous benefactor of the Queenstown Trails Trust, was pivotal to the deal. “The Trustees made a significant donation to help with the development of the Queenstown Trail and are now offering further assistance by providing a loan to help buy the Motatapu.” Estate trustee Graeme Todd said the trustees were delighted to be able to assist the Queenstown Trails Trust further. “The Queenstown Trail has in a very short time had a huge positive impact on our community in so many ways and we need to ensure that the Trust is adequately funded to meet future calls for development and further improvements.”

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