Garden Bridge Business Plan Review: A "Fuzzy Approach to Finance"
A brief round-up of today's news:
Today: The Guardian reported on a review of the Garden Bridge business plan written by Dan Anderson, a place making consultant who spoke at our public meeting in May https://www.theguardian.com/uk-news/2016/jul/21/london-garden-bridge-may-need-taxpayer-bailout-once-built-report-says
The report* demonstrates clearly that the Garden Bridge project would be in debt within 5 years and that any public guarantee underwriitng the project, would be called upon. So that's the public bailing them out - yes, you and us.
Meanwhile, Michael Ball from TCOS was interviewed today on Soho Radio by writer and broadcaster Bibi Lynch. Michael reinforced Dan Anderson's findings by explaining how ill-prepared and incapable the Garden Bridge Trust is and how they will be unable to make this private development work. Listen to what he has to say here (FFWD 1:05:06) https://www.mixcloud.com/sohoradio/bibi-does-soho-21072016/
And historian and TV presenter Lucy Worsley said on Twitter today: "Oh come on you numpties, just cancel the wretched thing now. It is a colossal waste of our money". No disagreement there.
So let's all tell the mayor of London Sadiq Khan, not to underwrite the guarantee for the Garden Bridge and save ourselves a few million quid. Here's how to do that: http://www.tcos.org.uk/#!how-to-object/fc1ic