The future of the four stalled developments of which this in Norfolk Street is one hang in the balance following today’s court ruling against the Council
You will have seen the judgement against Liverpool City Council given today. This is the statement that I have issued on behalf of the Liverpool Liberal Democrats
Statement by Cllr Richard Kemp CBE, Leader, Liverpool Liberal Democrats
“Today’s damning indictment in the China Town Court Case comes as no surprise given the lack of competence shown in the earlier dealings with those behind this development. The judge has thrown out the Council’s case for an injunction and basically has said to the Council that they must go back and negotiate with North Point Global.
Instead the Council, which already racked up £100,000 of legal costs so far in addition to their earlier ‘normal’ costs now seems to be suggesting an appeal against this excoriating judgement against them. This will clearly be a case of throwing more money after bad. The taxpayers of Liverpool are currently now £1,050,000 down on the deal and our losses are mounting by the day.
At the last Council meeting in Mid-November the Lib Dems asked searching questions about this and other property deals and got no intelligible reply. We repeat our demands that the Council seek external commercial and legal help both with these deals and before they sign another legal agreement or contract. We simply do not have the in-house capacity to handle big deals like this.
When I was in China 2 weeks ago several Chinese Mayors came over to me to discuss what has happened in Liverpool in particular and the UK more genially. The tide of good will in terms of Liverpool based investment is clearly turning against us”.