If the developers feel that they need £3m to coerce them to action, how viable is this project for us to then fund? There is a predicted yield of 5% from this investment but there is also a £115,000 income reduction (real money coming in today) by closing the existing car parks - net yield 1.2%. For a £3m investment!
In addition this scheme ruins the long stay parking near to the station, with the multistorey opposite the train station being short term only! The council may not like it, but Sittingbourne is a commuter town and the options proposed make it more difficult and/or more costly for people who drive to the station. £3m for a reduction of 47 spaces in long term parking. Get real!
Comment by Mark Bailey on 22 Jul 2014