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Broadmarsh, Labour's Bomb-site
Broadmarsh, Labour's Bomb-site
Over £17m lost on Broadmarsh by Labour

Over £17m lost on Broadmarsh by Labour

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Saturday, 27 June, 2020
  • Local News
Over £17m lost on Broadmarsh Centre

Millions of pounds in taxpayers' money may have been lost after the firm behind a shopping centre redevelopment went into administration.

Nottingham city council leader David Mellen confirmed the authority had already put £17m into the project. 

In 2018 the city council committed to spending nearly £50m in an effort to keep the project on track.

"Some work has been done by Intu and their contractors, but we don't know the detail of that work and whether that will help us going forward."

He also confirmed the city council, which owns the site, would be meeting with administrators to discuss the "complicated" lease and access to the railway station.

Mr Mellen said the authority was looking for partners to explore what could be done with the area as:

the City Council has not got money to invest...

Read the full BBC article here: https://www.bbc.co.uk/news/uk-england-nottinghamshire-53205149

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