If you have any other questions, please contact us and we will endeavour to respond to you as soon as possible.
Where will the money be found to restore the pier if the Council cannot afford this cost?
We are not asking the council for any money at all. We will apply for Grants to begin the restoration and once we have the apron up and running the profit from this will slowly restore the remainder of the pier along with other grants and lottery funding.
Will the pier be expensive to Compulsorily Purchase?
The cost is estimated by an independent valuer. We all know the pier is worthless in its state, so a nominal sum would be agreed. The people who would work on the CPO are already paid by the council so again not a terrific cost.
Who would own the pier?
The council would arrange a back to back deal where the pier would end up in the ownership of the Trust for the people. Not the Council.
Surely, a private investor could buy the pier?
Yes that is still a possibility, however so far all those who have looked at the pier have decided the cost of refurbishment is too much for them to make a profit. The last people who looked around actually told the Council that handover to the Trust was the best option – which actually re-enforces what was said by English Heritage before the Council mediated the sale to Ravenclaw. The difference with this scenario is that all the profit will go straight back into the restoration and running of the pier.
Why doesn’t the Council apply for lottery funds to repair the pier?
The council are not eligible to apply for lottery funds, nor incidentally, are private investors. But a Trust such as Hastings Pier & White Rock Trust would be.
If you have any other questions, please contact us and we will endeavour to respond to you as soon as possible.
Where will the money be found to restore the pier if the Council cannot afford this cost?
We are not asking the council for any money at all. We will apply for Grants to begin the restoration and once we have the apron up and running the profit from this will slowly restore the remainder of the pier along with other grants and lottery funding.
Will the pier be expensive to Compulsorily Purchase?
The cost is estimated by an independent valuer. We all know the pier is worthless in its state, so a nominal sum would be agreed. The people who would work on the CPO are already paid by the council so again not a terrific cost.
Who would own the pier?
The council would arrange a back to back deal where the pier would end up in the ownership of the Trust for the people. Not the Council.
Surely, a private investor could buy the pier?
Yes that is still a possibility, however so far all those who have looked at the pier have decided the cost of refurbishment is too much for them to make a profit. The last people who looked around actually told the Council that handover to the Trust was the best option – which actually re-enforces what was said by English Heritage before the Council mediated the sale to Ravenclaw. The difference with this scenario is that all the profit will go straight back into the restoration and running of the pier.
Why doesn’t the Council apply for lottery funds to repair the pier?
The council are not eligible to apply for lottery funds, nor incidentally, are private investors. But a Trust such as Hastings Pier & White Rock Trust would be.