Is something missing?

The Press of January 5 reports the imminent completion of the City of York Council West offices, with a total cost stated as £43.8 million, which included £32 million for the conversion of the previously station building, £1.5 million for new furniture, IT and audiovisual equipment for 1,440 staff.

It is predicted that £17 million will be saved over 25 years.

Meantime, presumably, the £43.8 million will consist of a loan or loans to be paid back, with either an apparent black hole of £26.8 million and or a possible reducing debt of £43.8 million on the balance sheet.

Maybe there is something missing in this statement?

J Beisly, Osprey Close, York.

Comments (2)

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1:17pm Thu 10 Jan 13

capt spaulding says...

Something missing? The truth maybe.
Something missing? The truth maybe. capt spaulding
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8:04pm Thu 10 Jan 13

atorycouncil2014 says...

It's quite straight forward really isn't it?

£43m over twenty five years is about £2 million a year. If its saving £17 million then that suggests current cost must be around £3m a year
It's quite straight forward really isn't it? £43m over twenty five years is about £2 million a year. If its saving £17 million then that suggests current cost must be around £3m a year atorycouncil2014
  • Score: 0

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