2 ms·
£2bn actually doesn't sound that enormous for this sort of organisation. Especially since... > Initially the Corporation had planned to move both markets as we
by quietbritishjim 2y ago
£2bn actually doesn't sound that enormous for this sort of organisation. Especially since...
> Initially the Corporation had planned to move both markets as well as New Spitalfields in Leyton to a £1bn purpose-built site in Dagenham, however this was dropped earlier this month over cost concerns as the council had already spent £308m purchasing and remediating the site in Dagenham.
They were going to spend half their entire endowment on this! And, regardless of whether you have the money to spare, £1bn is an absolutely colossal amount to spend on a market (even a large and very historic one). It just makes no financial sense at all.