£30m Gamble

Today’s Express is running a story about the financial (non) viability of the proposed Princes Parade project. The council have said that all the issues raised are covered in the planning application or will be addressed in the business plan.

Note the “will be”. In other words they have spent £800k so far on this (not including staff time) without having asked themselves the question of whether it makes financial sense.

Clearly this project is not going to deliver a new leisure centre for Hythe.

David Monk admitted a while ago that the funding for the leisure centre was just several millions short so why on earth didn’t they put that £800k towards the funding gap and put the leisure centre on Nickoll’s Quarry.

Mr Maynard has given us permission to post his calculations on our website – you can read them here

http://saveprincesparade.org/derek-maynard-financial-viabi…/