With news that Newham Council are having difficulies sellings its 26 buildings it abandoned in a move to a new £111m Civic Centre, in London. Brings even more concerns to residents of Stoke on Trent.
In July 2012 Stoke City Council claimed that its ambitious asset rationalisation programme of up to 40 buildings would generate £25m in capital receipts to help pay for its new £59m Civic Centre. But In August 2013 a Financial update revised that figure of £25m down to just £1.9m with any certainty. To try and correct this shortfall Stoke Council are proposing to increase it’s asset rationalisation programmes to 60 buildings.
This will leave residents of Stoke on Trent with not just the extra cost of borrowing £57m, but with all the ongoing revenue cost of mothballing up to 40-60 buildings as staff relocate to the new Civic Centre. It will also force residents to have to travel further to access local services.
The original proposal lead to a March of 1000+ residents in February this year through the streets of the City.
Existing Civic Centre built 1994