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Category Archives: Urban Splash
Brick by Brick ‘sweetheart’ sale could have cost another £45m
CROYDON IN CRISIS: The latest report from government-appointed inspectors assigned to check on the council finances reveals that a sweetheart deal to sell failed house-builders Brick by Brick to a Manchester developer could have cost the bankrupt borough another £45m. … Continue reading
Brick by Brick and the 18 documents officers want kept secret
CROYDON IN CRISIS: Not for the first time, elected councillors have been denied vital information about Town Hall deals. EXCLUSIVE by STEVEN DOWNES Croydon Conservatives have “called in” for extra scrutiny three multi-million-pound deals intended to off-load the council’s loss-making … Continue reading
Bricking it: Buss pushes for £30m deal to buy 104 flats
CROYDON IN CRISIS: Making Brick by Brick an attractive proposition to a corporate buyer is a Mission Impossible which would defeat Tom Cruise. Croydon’s solution? A package of deals that could cost another £110m. EXCLUSIVE by STEVEN DOWNES Chris Buss, … Continue reading
Council to pick up £69.2m costs of failed Fairfield Halls refurb
CROYDON IN CRISIS: Town Hall correspondent, KEN LEE, on the latest council bail-out for Brick by Brick over the bungled and unfinished refurbishment of the borough’s major arts centre Croydon’s cash-strapped council is to step in and pick up another … Continue reading
Making a Splash: big bailouts behind Brick by Brick’s buyers
STEVEN DOWNES reports on the colourful character behind the business which is set to buy up Croydon’s loss-making house-building company The company tipped to take failed housing company Brick by Brick off Croydon Council’s hands has broken loan covenants and … Continue reading
Going to the lowest, only bidder: council finds buyer for BxB
EXCLUSIVE by STEVEN DOWNES Croydon Council could have to pay at least another £40million in order to sell off Brick by Brick, the Labour-controlled local authority’s failed housing developer which bankrupted the Town Hall. And the multi-million-pound spending on the … Continue reading
