JFKvsNixon Posted January 19, 2013 Share Posted January 19, 2013 its almost embarrassing watching Sheffield council beg Hammerson to build severnstone ,while the turning down the only Guaranteed investment and jobs that was offered to them by IKEA and NEXT. What sort of idiot closes loads of shops through compulsive purchase BEFORE a project to replace them is signed sealed and delivered. What a joke. The project was agreed, work had even commenced, but the banks pulled the funding. Sheffield was unfortunate that it all happened around the time of the credit crunch. Link to comment Share on other sites More sharing options...
ghost rider Posted January 19, 2013 Share Posted January 19, 2013 its almost embarrassing watching Sheffield council beg Hammerson to build severnstone ,while the turning down the only Guaranteed investment and jobs that was offered to them by IKEA and NEXT. What sort of idiot closes loads of shops through compulsive purchase BEFORE a project to replace them is signed sealed and delivered. What a joke. Agree entirely with you,bad business. Link to comment Share on other sites More sharing options...
KARATE DAVE Posted January 19, 2013 Share Posted January 19, 2013 Agree entirely with you,bad business. me too. the council do have a funny way of running our city. is there not a body that oversee important decisions like this, as it seems that the council member who is in charge of this scheme has really got some issues regarding how such a large project is managed. Link to comment Share on other sites More sharing options...
Penistone999 Posted January 19, 2013 Share Posted January 19, 2013 The project was agreed, work had even commenced, but the banks pulled the funding. Sheffield was unfortunate that it all happened around the time of the credit crunch. The fact that Hammerson is pumping 1 Billion into croydon tells you that that they have no interest in Sheffield . Its about time sheffield council stopped clinging on to something that is dead and buried ,and starts trying to build bridges with IKEA and NEXT who actually wanted to bring investment and jobs into the city. Link to comment Share on other sites More sharing options...
JFKvsNixon Posted January 19, 2013 Share Posted January 19, 2013 The fact that Hammerson is pumping 1 Billion into croydon tells you that that they have no interest in Sheffield . Its about time sheffield council stopped clinging on to something that is dead and buried ,and starts trying to build bridges with IKEA and NEXT who actually wanted to bring investment and jobs into the city. It's not Hammerson that's pumping the money in, it'll be their investors and the banks. I guess that Croydon is a lower risk than Sheffield is, so the profit/risk relationship hasn't been right for the redevelopment since the credit crunch. Link to comment Share on other sites More sharing options...
Penistone999 Posted January 19, 2013 Share Posted January 19, 2013 It's not Hammerson that's pumping the money in, it'll be their investors and the banks. I guess that Croydon is a lower risk than Sheffield is, so the profit/risk relationship hasn't been right for the redevelopment since the credit crunch. Which again ,should tell the council that Severnstone is dead in the water. But to resort to offering £30M of Government funding to kick start this project smacks of Desperation from the council. Link to comment Share on other sites More sharing options...
andygardener Posted January 20, 2013 Share Posted January 20, 2013 Who's £30m is it, who's going to get the £30m, and what are they going to do with the £30m? £30 million is central governments, ie ours as taxpayers. They lend it to the council, secured against future business rates, and it must be repaid. What they will do with it, spunk it up the wall in the vain attempt to get the developer to lay out for a brick or two with no start date, no guarentee anything will actually happen, while they stick £1 billion into riot torn areas with no council bungs. Ain't SCC great! Link to comment Share on other sites More sharing options...
BasPosse Posted January 21, 2013 Share Posted January 21, 2013 So the council knock back inward investment and jobs from IKEA and NEXT whilst continuing with their doomed Severnstone project. This latest announcement is nothing more than spin and old news repackaged. There`s nothing new in this . The 1 Billion investment in Croydon by Hammerson speaks volumes about their lack of interest in Sheffield. Aint it funny how other councils like croydon can get schemes up and running and funded ,whilst Sheffield council continue to sit on a ghost town of a city centre. The only Guaranteed incoming investment there was they have turned down with their stupid decision to block IKEA and NEXT . What a joke sheffield council are. To be fair whilst it's widely accepted that Croydon is a dive, it is still within Greater London and therefore a better bet for the banks than a rather insular small socialist northern city (with an incompetent local authority). London has largely overcome the economic downturn thats still affecting us ooop north. Link to comment Share on other sites More sharing options...
Penistone999 Posted January 21, 2013 Share Posted January 21, 2013 To be fair whilst it's widely accepted that Croydon is a dive, it is still within Greater London and therefore a better bet for the banks than a rather insular small socialist northern city (with an incompetent local authority). London has largely overcome the economic downturn thats still affecting us ooop north. This is whats holding Sheffield back. Incompetence within the town hall. Link to comment Share on other sites More sharing options...
BasPosse Posted January 21, 2013 Share Posted January 21, 2013 its almost embarrassing watching Sheffield council beg Hammerson to build severnstone ,while the turning down the only Guaranteed investment and jobs that was offered to them by IKEA and NEXT. What sort of idiot closes loads of shops through compulsive purchase BEFORE a project to replace them is signed sealed and delivered. What a joke. indeed it is. I suspect Hammerson will sit back and make SCC perform a few more tricks (of the making more cash appear variety) before they mock grudgingly get on with building a scheme of reduced scale and (more importantly) vastly reduced quality. This is the St Paul's Tower all over again, on a much bigger scale. Conran designed ?? Link to comment Share on other sites More sharing options...
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