Olympic Regeneration for Newham
From:
Lane Taylor
Date:
Jul 04 14:21 UTC
Short link
Let me guess, another New Labour Brownite PFI venture
1) Newham hand over £50 million of land assets to their 'Partners' ie Private
speculators on the grounds that they will 're-generate' the assets.
2) a token small social housing scheme, library and/or little open space is
thrown in to abate critics
3) the 'Partners' 'regenerate' the land asset which they now own c/o Newhams
generousity, and sell to the highest commercial bidders (for probably well in
excess of the £800,000 stated.
4) Newham then lease back some of the asset (that they just gave away) for
vastly inflated commercial rents, and a few lucky homeless get to live in a
semi privatised 'social' housing scheme.
5) the New Labour Government give Newhams Mayor another laural in his cap for
asset stripping... Ooops I mean 're-generating' the borough.
6) the Olympics innit, shrouds the who deal
If I have misunderstood how this works I bow to those in the know.
.