All the ambitious transformation plans have now been shelved for the entire site
The Nottingham city councillor in charge of property says he remains ‘hopeful’ the Guildhall and former police and fire station will still be bought and redeveloped after a sale fell through just days before contracts were due to be signed.
“That makes property sales harder, not impossible, but harder to sell,” he said. “They were very close to signing the contracts. We are hopeful that maybe something will happen on that but it affects the sale price once it gets listed. Money from the selling of the police and fire station and Guildhall would have helped chip away at the council’s debt, ultimately reducing debt repayments in the long-term. The Labour-run authority started reviewing its 3,600-strong property portfolio as part of ongoing financial improvement work.
Targets have been missed largely due to the council’s failure to sell certain high value assets, including the Guildhall. Similarly the former Central Library building in Angel Row failed to sell because the firm that wanted to buy it “did not come through with the money”, according to Cllr Battlemuch.
“We don’t want to just sell the kitchen sink because some of the property we have in Nottingham is strategic, operational, iconic. We don’t want to get in to selling off all the assets of the city.
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