Delaney at it again. Seriously, this guy must spend his sleepless nights wondering how he can defame Manchester City. Apparently a report by the University of Sheffield claims we are in cahoots with Manchester City council regarding both sports washing and now city washing, as well as not paying our taxes in full.
City, if your are listening, this deserves an official response in my opinion.
Researchers ‘unable to identify any income received by the council’ under joint venture with Abu Dhabi United Group
www.independent.co.uk
He of course spends most of the article bashing us and accusing us of misdeeds, yet right at the bottom of the article is the most telling information...
A Manchester City Council spokesperson said: “We reject any suggestion that the sale of the sites involved in the Manchester Life joint venture was not a good deal for the council and the city.
Land was valued by independent experts, using the nationally accepted ‘red book’ valuation benchmark, and we got the best overall deal we could for each site at a time when there was very little market interest in the area. The value of that deal includes not just the initial receipt for the land but also site-specific overage arrangements, and profit sharing payments. These were always envisaged as longer-term arrangements – the council is due to receive several million pounds in this financial year through the first such payments.”
The council added the Manchester Life developments had “acted as a catalyst, creating confidence and attracting further investment into the area” and had paved the way for new homes and business, generating “significantly more for the city in extra council tax and business rates income”.