29.11.18…..Both Crest Nicholson (with Starr Trust) and Brighton & Hove City Council officers must collectively surely all be on tranquillizers by now or ready to take to the bottle to steady nerves. The report going to Policy Resources and Growth on December 6 is 20 pages of high intensity stuff. A lesson in what it takes to put a development together financially, to ride the political and economic waves whilst gambling with mega-millions that you can get it done and sold and move on with profit instead of ruin.
We learned from the Karis attempt that viability was marginal. And in the end it was probably not doable and why they lost backers ING and were unable to use their ill gotten planning consent. It is with the Crest/Starr attempt too. But there is an almighty battle going on by all parties to make this one work. It is an heroic effort, regardless of what we think or feel or what dismay we harbour towards the enabling collossus needed in order to deliver a leisure centre to BHCC….as specified….
It may or may not squeeze through the pitfalls ahead.
Here is the 20 page report going to committee. It is quite a read.