Your link doesn't work so try this
https://www.bbc.co.uk/news/uk-englan...herts-59388493
This isn't a deferred payment it is a gift to LLAOL shareholders from the town's council taxpayers with £45m withheld over the next 3 years.
Graham Olver, chief executive of Luton Rising (Temperature), said
"Importantly for Luton residents, this has also been achieved with no direct impact on council tax, and continues to protect the vital investment we make every year in voluntary and community services to improve people's lives."
There is a half truth in that statement, as the Council has already admitted months ago that there would be no LRT dividend paid to the Council due to LRT debts for years. As for protecting the "vital investment we make every year in voluntary and community services to improve people's lives" how can that be if the Council is gifting money to the airport operator?
Seems that Force Majeure measures will actually continue for years and that LLAOL are calling all the shots. So who did the negotiating with the airport operator? Whoever it was needs sacking. It should be noted that the airport directors have no experience of being directors, as their day job could be working on the checkout at Sainsbury's. As such they could have been sold anything.