Councils across England – including Croydon and Sutton – have between them borrowed billions of pounds of public money to finance the purchase of real estate and commercial properties, a policy which could place some at risk of financial collapse, … Continue reading
Under Jo “We’re Not Stupid” Negrini, Croydon Council last month paid £29.8million to buy the Croydon Park Hotel – nearly £5million more than the asking price when the property was put on the market just weeks earlier. Negrini, the council’s … Continue reading
KEN LEE, Town Hall reporter, on the council’s latest wheeze to generate a bit of spare cash by buying up a loss-making hotel The council has bought the Croydon Park Hotel, the 4-star, 55-quid a night tower that’s well-used by … Continue reading
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