Originally Posted by
RobinRed
Oliver has worded this carefully
In point 1, he mentions MCA money.
In point 2, it is funding package, in other words, they will receive a loan, hence why he didn't put it up for the vote
So effectively the loan will have to be voted for and approved at a later date subject to success at a CPO?
Seems to be from the outside that they are confident a private sector investor would swoop in and back the purchase meaning the authorities won’t have to, should a CPO be successful. This is what the council have been talking about in their updates, that any investor ‘may wish to wait for the outcome of a CPO’ I.e get it dirt cheap. If so it sounds like a legal grey area to me that will be fought vociferously by Peel.