Beacon interior

Mystery surrounds how the £80m debt the Reverend Rees has run up refurbishing his cultural legacy project, the Bristol Beacon, is being funded.

Borrowing £80m, even at council rates would cost around £4m – £5m a year. Figures not cropping up in any financial projections published at the council.

That’s because the overpriced hall is being part-funded from this year’s capital underspend. Money that should have gone on other projects but didn’t. In October, Rees’s Cabinet approved “the reprofiling of this underspend of £68.8m from 2023/24 into future periods.”

Among the many budgets raided to fund this elitist concert hall are the schools budget (£5.9m); the SEND investment programme (£3.9m); Highways and Traffic infrastructure  (£4.2m); the housing delivery programme (£3.5m) and the Harbour’s operational infrastructure budget (£2.5m).

All stuff we, presumably, can do without now we’ve got an expensive concert hall?

One thought on “HALLS WELL

  1. Woodsy

    Bristol City Council wouldn’t be Bristol City Council if it didn’t piss our money up against the wall on at least one vanity project at a time.


Leave a Reply

Your email address will not be published. Required fields are marked *