Torbay unitary runs out of money – wants to be returned as a district to DCC

So the elected mayor experiment failed and Torquay is attempting to rejoin DCC with its tail between its legs.

The mayor caused major controversies, here are a few highlights:

The Tory council majority split and split again:
https://www.devonlive.com/news/devon-news/three-torbay-tory-rebels-sent-886395
and
https://www.devonlive.com/news/three-more-torbay-tories-walk-712029

The mayor bought up a shopping centre in Bournemouth, an office building in Exeter, a business park in Torquay:
https://www.devonlive.com/news/local-news/row-torbay-council-buys-tesco-292274

He lost a no confidence vote but refused to resign:
https://www.bbc.co.uk/news/uk-england-devon-40682962

A referendum decided that the mayoral system was not wanted so the council was going to revert to a cabinet system:
https://www.bbc.co.uk/news/election-2016-36241115

and now he says the council has run out of money:

“Torbay went it alone in 1998 but it has now taken the first steps back to Devon County Council being responsible for running the threatened services.

Mr Oliver said: “We cannot survive as we are beyond this next financial year. There is no money. …

“We have got two years. Whoever wins the election in May 2019, this has to be an all-party solution. “The lack of money will drive economies of scale. Local authorities will have to work in partnership. “Some of them are just too small as they are. “There are 10 chief executives in Devon and 10 financial officers. …

https://www.devonlive.com/news/devon-news/torquays-seafront-not-protected-high-668592