"IMPLEMENTING PARK MASTERPLAN COULD COST ALMOST TWICE AS MUCH" - Bromley council
THE TOTAL cost of implementing the controversial Masterplan for Crystal Palace park could be nearly TWICE the £68 million figure originally quoted, Bromley council have admitted.
It was estimated that the receipts from the sale of the two planned residential sites would be in the region of £12.8M, but this estimate was prior to the recession.
Bromley has not been able to guarantee the level of investment required given the park’s status as a national asset. In the current economic climate where there are competing priorities on local authority funding, this is unlikely to improve, the report admits.
This report recognises that Crystal Palace Park requires significant financial investment to its infrastructure to ensure that it can be enjoyed by generations to come.






















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Comments
1)
£136 million pound Masterplan that will provide hardly anything that prople voted for (he most popular elements ie museum and subway etc will have to be privately operated)
NO funding except a poss £12 million pounds received from selling off some of the land for housing (only agreed in return for good stuff which is no longer happening) No suggestion of how the park will be funded in future.
2)
A new Crystal Palace commercially operated by a Trust (with reps from council, community and business) It had total private funding in place. Would have cosgt the taspayer nothing and would have provided ongoing funding for the park.
Guess which scheme the council branded as 'Pie in the Sky'
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