Sunderland Station redevelopment

23 Replies, 1932 Views

(20 Aug 2021, 6:17 pm)Michael Wrote: From the Skyscrapercity site:

I've just heard that the Council have purchased the land where the railway club and Sinatra's is situated, likely for the multi storey car park.

Interesting, apparently the owner got a Million quid for Sinatra's.......... from a council which apparently has NO money..........................

Where are you getting that they have no money? They have £174m in usable reserves, some of which will be used for capital investment such as the one you describe.

Their accounts are on the website: https://www.sunderland.gov.uk/media/2398...9893930000
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(20 Aug 2021, 7:26 pm)Adrian Wrote: Where are you getting that they have no money? They have £174m in usable reserves, some of which will be used for capital investment such as the one you describe.

Their accounts are on the website: https://www.sunderland.gov.uk/media/2398...9893930000

Sure I've seen a few posts where they've said they have no money and want bailing out........ yet they have 147m in the bank.


Apparently they're paying rent for the new Civic Centre too, according to leaks from councillors.
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(20 Aug 2021, 7:32 pm)Michael Wrote: Sure I've seen a few posts where they've said they have no money and want bailing out........ yet they have 147m in the bank.


Apparently they're paying rent for the new Civic Centre too, according to leaks from councillors.
£2m rent a year, for 35 years. and they won't be paying for it from reserves, it's coming out of council tax.
(21 Aug 2021, 7:16 am)54APhotography Wrote: £2m rent a year, for 35 years. and they won't be paying for it from reserves, it's coming out of council tax.

Hence the reason why the council tax will go up then.........
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