Tunbridge Wells Borough Council says auditors have not given specific approval for its plan to use a 50 year loan to fund the £27m Palm Court renovation, even though a council official recently appeared to suggest that the auditors were indeed on board. Senior council finance official Jane Fineman told an October meeting that "the …
Tag: rvp
First Half of Huge Council Shopping Centre Loan Nears Approval
Tunbridge Wells Borough Council has given more details of the case for its £ 27 million project to update the Palm Court area of the Royal Victoria Place Shopping Centre ahead of a scrutiny meeting on Monday. But concerns remain that the council will not get the returns it expects, creating a risk that council …
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Cinema Plan is Top Election Issue
The Liberal Democrat plan to take on a council debt of £68 million to finance town centre development work appears to have turned into the major local election issue for voters who make their choice tomorrow (Thursday 7th). The Conservative candidate in Sherwood, Christian Atwood, told Southborough News today: "A lot of people are against …
Opposition Builds to Lib Dem Plan for £68 million Council Debt
The Liberal Democrat Borough Council plans for a new "boutique" cinema and more shops in the RVP Shopping centre is set to be a big local issue in the May elections. Leading figures from a range of political parties have spoken to Southborough News stating their outright opposition to the scale of the new council …
Continue reading Opposition Builds to Lib Dem Plan for £68 million Council Debt
Lib Dems Push For Big Council Debt to Boost Shopping Centre
The Liberal Democrats who run Tunbridge Wells Borough Council say a major investment in the town's RVP shopping centre is "really crucial" despite criticism of the proposed council debt of up to £68 million needed to fund the project. In an extended interview with Southborough News, the deputy leader of the council, Justine Rutland (pictured …
Continue reading Lib Dems Push For Big Council Debt to Boost Shopping Centre
