When will it be paid back and what is the interest rate on the grant (which is effectively a loan)? This money doesn't appear to be available to fund refurbishment or infill options. Why? Where is this money coming from, and at what cost to other LBL services? It has been repeatedly stated by the Council that there is no money available to pay for refurbishment. This money appears to refute this statement. Please explain why this money cannot be used for refurbishment under the same conditions as demolition?
The Council has provided details of the assumptions and summaries of the viability appraisals that have been undertaken. The Council is not going to release any further information on the viability analyses.
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