The Council has confirmed that the promised “profit share” on the Spark container village development on Piccadilly has still not materialised.
Payments should have been made at the end of the last financial year.
Only one single “rent” payment of £13,333.33 has been received by the Council.
In their original pitch to the Council in 2016, the operators promised a share of the profits on the project which were expected to more than cover the £40,000 costs of the Council providing mains services to the site.
No explanation for the failure to make a payment has been published nor is there any item on the Council forward decision-making programme which would suggest when an explanation may be forthcoming.
It is estimated that, had the site simply been used for car parking, the Council would have received around £200,000 in income over the last 3 years.
The containers are due to be removed in June 2020 although the Council has been very slow to market the availability of the site for permanent redevelopment.
There have been ongoing problems on the site with several planning conditions not being observed.
Over £4000 in Business Rate payments are also owed to the Council.
NB. Under EU regulations, which are still expected to apply after 31st January 2020, government bodies are specifically prohibited from subsidising private companies.