Quote:
|
Originally Posted by Stanleyguy
I think that arose from the Council's share of funding the outside market redevelopment, because the loss was £502,000 in 2002/03 and £78,000 in 2003/04. They now have the ongoing cost of repaying the loan to pay for redevelopment, which has wiped out the profit.
When they applied to English Heritage a few years ago, the Accounts were showing the market to be profitable.
|
Well, if the council is mixing up their capital expenditure with their operating expenditure then the books will be in the mess that they're in.
The fact is that the Market Hall has been run down for years - not just under this gang we have in control now. There is no doubt that the buiding now needs an awful lot of money spent upon it and I would have assumed that the best option would be a full restoration, allowing for modern Health & Safety requirements, to it's original mid-Victorian design. That means getting rid of the cheap formica and plywood that litter the place and bringing back the balcony surround.
There are many schemes that English Heritage have centrally funded which nevertheless have a seperate local current income/expenditure stream, so I don't see why this should have been the problem. The most likely reason that HBC did not get English Heritage Lottery Funding is that they cocked up their application, just as they appear to cock up everything else they lay their hands on.