Thursday 8 November 2007

Arrowcroft To Make an Offer II

In today's Croydon Guardian:

"The fact Arrowcroft is looking to make an offer, days before the end of the inquiry, could indicate that it doesn't believe it is going to succeed in acquiring the site."


However, this "offer" has as much chance of succeeding as hell freezing over:

1 The difference in valuations £50M is far too large

2 Why did Arrowcroft not buy the land when it was available?

3 Why did they not make an offer before the CPO?

4 Albert Dock in Liverpool is owned by Arrowcroft, and shows losses in excess of £1M and debts of £24M in the company accounts. Given the financial difficulties of another Arrowcroft "prestige project", why are Croydon Council so sure that the Arrowcroft plans for the Gateway are financially viable?

Sign the petition against the arena via this link on the Number 10 website: Petition

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