Stories about Public Finance
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.
County council to sell land and buildings worth up to £10 million to raise money and cut costs
Wedding venue Larkbeare House and gardens, County Hall residential development land and Compass House, home of adult mental health service Talkworks, among assets for disposal as part of property rationalisation programme.
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.
County council forecasts £9.3 million overspend on top of £36.6 million SEND services deficit
Additional £10 million service delivery cuts, mostly from adult social care and children’s services, to be allocated to government ‘safety valve’ deficit programme.
£1 million leisure overspend fuels £3.2 million city council deficit
2022-23 budget review confirms £2.2 million annual leisure subsidy to continue with St Sidwell’s Point expected to make a loss for at least five years while another £22 million to be spent on Exeter City Living Vaughan Road development.
