Insiders claim Government officials are in talks with Universal about a package of tax reliefs and transport funding to secure the project
But insiders claim the Government will need to put up some of its own money to get the project over the line, and is in talks with the company about transport funding and potential tax breaks.
Mr Frost called it a “no brainer”, saying: “At the minute, the Government has got 100 per cent of nothing. Even if it gives away 50 per cent of the tax revenue, it is still better off than it would have been.”He said that Universal wanted the Government to fund improvements to public infrastructure that the company believes are essential if the plan is to move forward.
“If you look at the rhetoric that we’re getting from the Government already about taxes needing to rise, that’s got to be a concern for business, and therefore there will need to be reassurance,” he said.Industry concerns about ‘preferential’ treatment Any decision for the Government to generously fund transport infrastructure that would typically be paid for by a developer going through a traditional planning process could also lead to accusations of unfairness from other firms, the source indicated.
Universal has suggested that some of the infrastructure could be delivered in a staggered way, which would spread out the impact on public finances. In the case of Disneyland Paris, she said the infrastructure costs were entirely paid for by taxpayers. Dr Mittermeier said Universal can make the case that, unlike other theme park operators in the UK, its resort has a “guaranteed visitor base” because it has access to a number of intellectual properties.
“There has to be a complete overhaul of that infrastructure, and that has already been looked at and planned quite carefully by Universal, but therefore they would require government support,” he toldHe said Wixhams station would “require Government investment to make that station fit for purpose” and the roads need upgrading.
She has lived in her home for nine years with her partner and daughter, and hopes that “sense prevails” and the project will not go ahead.In recent weeks, she said Universal has erected gates and barriers with “no trespassing” signs to mark the land opposite her home. But opposite her lives Glen Zira, 39, who has lived in his home for five years and said he “can’t wait” for the resort to be built.
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