We will be left with huge debts
WE HAVE a Labour-controlled council in Stoke-on-Trent devoid of any business acumen or common sense.
The senior council officers are cocooned in an unreal world of financial waste, arrogance and reward for failure.
They plan to borrow £40m for new council offices, bring in revenue from a new business district and support a new shopping centre for Hanley.
In the real world £40m borrowed will cost at least £1m a year in interest for decades.
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Why not leave the 20-year-old council offices where they are and offer 10-year reduced business rates to companies coming into the area?
Then appoint outside agencies with full powers to collect overdue taxes on a 'no collection no fee' basis.
Without some outside intervention to bring back sanity to this council the outlook is bleak.
Mistakes which are now being made will torture the city for decades to come.
The councilors and senior officers will all be long gone and the debts will still have to be paid. We are facing not just one white elephant but a whole herd.