manchestereveningnews.co.uk
Coun Andrew
Manchester
social
2020
Citi
Coun Andrew
Manchester
Trafford council has spent £336.87m on investments – here’s where it has gone
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manchestereveningnews.co.uk
manchestereveningnews.co.ukTrafford council has spent £336.87m on investments since July 2017 on a mixture of shopping centres, housing estates, an iconic central Manchester multi-storey skyscraper, an old sorting office and a former student village.
The authority’s investment strategy has previously caused concern for opposition councillors, who were worried that too much debt was being stored up for the future.
After the council invested £153m in property across the city region in 2019, Labour group and council leader, Coun Andrew Western, dismissed these concerns and said the critical comments showed a “concerning lack of understanding” about the authority’s investment strategy – which he argued prevents service cuts.
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