Extracts from two letters in the Business supplement of The Sunday Times:
“… councillors think they know the property market but they don’t have a clue. They now plan to build a new Town Hall (in Tunbridge Wells]. This is an enormous ‘folie de grandeur’ that will leave taxpayers on the hook.
Tunbridge Wells has a town hall, but it has been allowed to fall into disrepair. Was this part of the plan?”
“… in Dover, the town clerk and the mayor have set up a charitable company, LoveDover Regeneration, using £350,000 of taxpayers’ money for property development.
Although it is a charitable company, under normal rules this means the directors own the company, hence the company owns any property it buys, not the council. Further, the £350,000 is equal to almost 50% of Dover Town Council’s annual income.
The money has been justified as it comes from the reserves, but surely the idea of passing large sums of money to a body over which Dover Town Council has no control, for property development or any other use, is not acceptable.”