Meadowbank Centre in funding crisis

Meadowbank - no credit

Concerns arise amid council vote.

Councillors are set to decide whom to award the contract for building the new state of art sports centre in Edinburgh. However, questions are raised over where the money for the project will come from.

The Edinburgh City Council Finance Committee is being asked to approve a £39 million contract to build the new centre but the Save Meadowbank campaign has exposed the pitfalls in the council’s plan.

Executive Director of Communities and Families within the Council, Alistair Gaw, submitted a paper to the finance committee for discussion on 11 October with the comment that the capital funding for the project will mainly come from the sale of 300 homes due to be built on one half of the site.

“This is completely inaccurate because his report is based on a previous Council plan which was thrown out by the planning committee when it met in June,” said Save Meadowbank spokesperson Heather Peacock in an official statement.

Campaigners claim the inaccuracy is due to the council maintaining their plan for the new homes while claiming to have started from a “clean state.” They are committed to preserving the Meadowbank’s green space and have cast doubts over the council’s plans and whether the project will commence.

Save Meadowbank’s representative, Russell McLarty, was particularly critical of the council’s approach to the situation:

“If they had had a more measured approach and looked at different options for the overall development of the site and funding – including borrowing – then they may have come up with something better. However, they are pushing ahead and are constrained by the desire to produce a sports centre – the council seem to have gone about this the wrong way.”

The council, when prompted, refused to comment on the situation.

A report to the council finance committee has warned that the figures may be unreliable and that the council may end up with a funding deficit of £24 million. It outlines a precautionary £7 million that should not be used until more accurate data is received.

 

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