crumlin Posted October 23, 2004 Share Posted October 23, 2004 The Incinerator cost the taxpayer £55 million. The Government have now sold it for £45 million The Government are to buy it back on a lease over 25 years at a cost of £83.5 million Thats a loss of £93.5million, that could build 668 houses at a value of £140k Link to comment Share on other sites More sharing options...
Observer Posted October 23, 2004 Share Posted October 23, 2004 Errrr..... why? I can only think of cashflow as a possible reason, ie. lump sum in the bank to make use of (45m) and payments of roughly 4m going out yearly. Sounds mad for sure. Link to comment Share on other sites More sharing options...
crumlin Posted October 23, 2004 Share Posted October 23, 2004 It was sold to raise funds to run the smoker Link to comment Share on other sites More sharing options...
FCMR Posted October 25, 2004 Author Share Posted October 25, 2004 http://www.silentmajority.co.uk/eurorealist/isleofman.html Ref Finance sector danger Link to comment Share on other sites More sharing options...
Dave the Cardboard Box Posted October 25, 2004 Share Posted October 25, 2004 http://www.silentmajority.co.uk/eurorealist/isleofman.html Ref Finance sector danger <{POST_SNAPBACK}> Just another anti-Europe racist Link to comment Share on other sites More sharing options...
Observer Posted October 25, 2004 Share Posted October 25, 2004 A very bleak, unsubstantiated and extreme report. Link to comment Share on other sites More sharing options...
FCMR Posted October 25, 2004 Author Share Posted October 25, 2004 http://www.feegan.com/manx/yn_pabyr_seyr.htm old stuff but interesting Link to comment Share on other sites More sharing options...
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