LibDems question £21m shopping centre deal

Local Liberal Democrats are questioning a “risky and secretive” North Somerset Council decision to spend £21 million on a shopping centre in Weston super Mare.

The Tory run Council has now borrowed £60 million to fund investments in retail spaces, equivalent to £300 for every North Somerset.

While the LibDems support investments that can generate income, protect services and keep council tax affordable, North Somerset LibDem leader Mike Bell said: “This is a risky purchase that has been shrouded in secrecy. Retail is a volatile and fast changing market … there is a real risk that vacant units won’t be let.”

https://www.bristolpost.co.uk/news/bristol-news/shrouded-secrecy-cash-strapped-council-1890015#ICID=IYA

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