Playing with big finances

Published: 3 February, 2011

• IT may be that the council are hoping to make a vast amount of money from the sale of their annexe for a new hotel tower and use the money for good purposes (Good lord no! We’re definitely selling up, January 27).

If successful all well and good. But is this not a continuation of the policy of playing the property market and taking the profit that caused the banking crash? How much do ratepayers stand to lose if it is not successful?

Just how large and imposing is the new annexe going to be? How many executive suites at the top of the new Camden skyscraper? Will there be also an executive restaurant for cabinet members and directors and denied to ordinary town hall workers? 

A swimming pool in the basement with the same exclusivity?

I thought the purpose of a local authority was to provide services for those in need. Camden are playing big finance to the detriment of their proper purposes. 

RAMON PRASAD
Nassington Road, NW3