Council Property Prospecting Time Bomb

Use this board for general non-cycling-related chat, or to introduce yourself to the forum.
User avatar
NATURAL ANKLING
Posts: 9596
Joined: 24 Oct 2012, 10:43pm
Location: English Riviera

Council Property Prospecting Time Bomb

Postby NATURAL ANKLING » 7 Feb 2019, 6:55pm

Hi ,
https://www.thebureauinvestigates.com/s ... eal-estate
Spelthorne IIRC has borrowed 1 billion and has a net annual budget of 22 million but only 90,000 inhabitants.

Our local council has borrowed 200 Million.
Are in debt and think that Dabbling in the commercial property market will make a few million profit to prop up the shortfall of monies.

And then the property market drops 10%?
Priority Is Still 500K In 24..Just Dreaming...Stay Focused Guys And Keep Sharp...
You'll Find Me At The Top Of a Hill...............Somewhere