Auditor broadens inquiry to include Exeter City Futures and ex-CEO secondment to liquidated company
More “significant weaknesses” found in city council governance and financial and performance management arrangements while St Sidwell’s Point valued at £7 million less than build cost and £370,000 ex-CEO final year pay and benefits confirmed.
Exeter City Living to be all-but wound up after £4.5 million losses with £10 million owed to council
Council expects resulting resale value of surrendered Clifton Hill development site not to cover company’s debts, with remaining losses to be written off, as Liveable Exeter vision thrown into doubt and councillors evade responsibility for failure.