The people of Liverpool need to ask whether this man and his team have the legal, financial and commercial expertise to deliver a complex deal such as this.
Liverpool’s Lib Dems are questioning the outline of the deal announced yesterday by Mayor Anderson to bring to fruition the Bramley Moore Dock Deal for Everton.
We want to see this project go ahead but the Council must recognise that it should be a private sector project. We should be looking at how we could assist and not replace the private sector in investments of this sort. That was the successful pattern for the Liverpool 1 shopping development and which we need to repeat here.
Any finance and borrowing we have should be aimed at the social needs of the people of Liverpool and especially the need for more and better social housing.
Council blunder adds 63% to Council costs for football scheme
On the day that the Mayor of Liverpool announced that the Council would invest up to £330,000,000 in a new football stadium at Bramley Moore Dock a report about a major error on another football scheme in the City was quietly slipped into the public arena.
Cllr Andrew Makinson the Lib Dems Deputy Leader in Liverpool explains, “A report has been added at short notice to the Council’s Cabinet on Friday, which cannot be called in for scrutiny, which reveals that Liverpool’s borrowing for the Parklife project which will give the City 4 Football hubs in partnership with the FA will increase by a staggering 63% between a report produced in March 2017 and now. The FA will put no more money into the scheme leaving the council to pick up all the extra costs. The extra £2.6 million will be added to the borrowing of £4.5 million which had already been agreed”.
Cllr Makinson continues, “this scheme has many of the same problems as the Everton scheme potentially has. Unforeseen site costs; inflation; changing specifications and lateness in delivery. All the risk of this has been picked up by the Council whilst the cash rich football sector has added nothing. If the same sort of problems arise in the Everton scheme additional costs of up to £180 million could arise.
If the Council cannot get a relatively small project like this right what hope do we have of them getting a much bigger scheme costed and sorted properly on a site which is much more difficult than the four Parklife sites?”
The full report going to Cabinet on Friday can be found at: http://councillors.liverpool.gov.uk/ieListDocuments.aspx?CId=1201&MId=16142