A very good article (again) by John Elworthy on CambsNews Click Here…..
Much more ‘readable’ than the longer version below @ FDC
Below link to FDC.. Click Here To FDC Cabinet Paperwork
For example on page 202 are the estimated costing of the Manor Re-development.
Fenland’s biggest-ever capital project is gathering pace, with the £18.67 million redevelopment of Manor Leisure Centre in Whittlesey now reaching a crucial point.
To be funded largely through council borrowing, with Fenland District Council also seeking a £2 million grant from Sport England and additional support from the Cambridgeshire and Peterborough Combined Authority, the ambitious scheme would replace an ageing leisure site with what planners describe as a modern, inclusive, financially sustainable community hub.
Council reports acknowledge the scale of the investment, noting: “A redeveloped Manor Leisure Centre will come at a significant cost to the council in terms of construction costs and borrowing costs, currently estimated at £18.67 million.”
Based on current rates, the report adds: “For every £1m borrowed, it is estimated that it will cost the Council £82.91k for each year that it is borrowed.”
CambsNews Click Here…..
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