SFP Ventures (UK) Ltd trying to “extract” £5M from Thanet ratepayers?
TDC
have said for some time that if they try to reclaim the site it would
cost them upwards of £5M to extract themselves from their contract with
SFP Ventures (UK) LTD, the Pleasurama developers.
have said for some time that if they try to reclaim the site it would
cost them upwards of £5M to extract themselves from their contract with
SFP Ventures (UK) LTD, the Pleasurama developers.
Ratepayers of Thanet want answers to the following questions:
TDC can you explain how pulling out would cost us £5M?
Can the ratepayers see the breakdown of how you arrive at this figure?
Who told you it would cost £5M?
Have you sought proper legal advice?
The only expenditure I can find is the following:
£1m is a deposit
Item
|
Narrative
|
Cost
|
Evidence
|
Lease
|
3X 199 years
|
£550000
|
Dr Sue McGonigal
|
Deposit
|
Refundable to SFP
|
£1000000
|
Dr Sue McGonigal
|
Cliff repairs
|
Contribution
|
£100000
|
TDC & Painter
|
Roadworks and Storm drain
|
KCC Highways
|
£600000
|
Painter to BBC
|
Planning application
|
FRC Frewster
|
£22000
|
TDC
|
Total
|
£2272000
|
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