City council set to sell Belle Isle Depot for second time
Decision follows Exeter City Living failure to redevelop council green space operations base at heart of Belle Isle Park for luxury housing.
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.
£1+ million for Wonford community hub project development but £7 million build finance not yet found
City council presented £750,000 “feasibility proposal” as progression of existing plans despite having to start again after three years to cut costs, with Exeter City Living awarded £550,000 project contract.
Revised proposals to sell council land for co-living and high-spec housing discount site viability issues
Council leader’s Clifton Hill and Mary Arches car park sale amendments agreed by Executive without discussing financial consequences, including multi-million pound value losses compelling sale of other assets to cover Exeter City Living debts.
Clifton Hill sports centre site - with adjacent green space - and Mary Arches car park set for sale for PBSA
Reversal of policy to prohibit Purpose Built Student Accommodation on city council land proposed to cover expected £9 million outstanding Exeter City Living debt, with £800,000 budget proposed for site disposal costs.