Flatcap wrote:
feckwittery wrote:
Council stumped up £1.4m of the 5m.
(Part ownership of the lanes)
And how much will the yearly rent be for Primark and how much greater than for BHS?
Annual rent from BHS for the council's 24% share was £50,000
Annual rent from Primark for the 24% share is £177,000.
So an extra £127,000 rent per year. The council stumped up £1,397,000 to pay off BHS, so over the course of 11 years, it will have been paid off.
BHS closing cost 50 jobs.
Primary opening created 144 jobs.