Stories about Exeter City Living
Second undervalue sale of Clifton Hill sports centre site after buyback loss leaves city with £3m less than initial market value
Council sold land for £2.14m – at £2.11m discount – then bought it back for £3.037m before selling again for £3.375m at £425,000 discount with £225,000 sweetener after also agreeing to spend net £600,000 on preparation, marketing and disposal costs.
Council to mothball Exeter City Living Vaughan Road flats after first phase leaving £2.75m groundworks fenced off
Twelve year-old plan to rebuild remaining pre-war Laing’s Easiform council houses in Buddle Lane estate to be seen through to completion instead, as undelivered local housing promises finally collide with reality.
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.