Relocation rolls on…

..and the money rolls out, thanks to a District Council which (as Seaton Cllr Peter Burrows put it) “may not be in existence when the loan expires.”
Yet no-one knows whether Pegasus Life Ltd will offer EDDC for the Knowle a figure nearer £7million or nearer £8million (the rough price-range agreed). But with no Heads of Terms yet fixed, councillors’ vote tonight to go ahead with relocation nonetheless, puts the ball firmly in Pegasus Life’s court.

As usual, questions from the public went unanswered.

Extracts from the meeting will be available on YouTube soon. The link, and more on tonight’s Extra Ordinary meeting, will be posted on EDWatch in due course.

One thought on “Relocation rolls on…

  1. I think we can pretty much guess that it will now be £7m rather than £8m.

    So that’s another £1m on the loan that EDDC are taking out on our behalf.

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