Bennets Afro
Well-Known Member
I'm a little confused about some comments on here about tax payers money and the rent of the Ricoh.
A couple of questions:
1, how is the tax payers money CT affecting the day to day running of the Ricoh?
2, How does reducing the rent affect the tax payer?
3, Why should the tax payers of Coventry have a say in how much the rent is when it is not paid to the council, but to ACL?
My understanding:
- £1.2m pa rent is paid to ACL?
- ACL is made up of 50% Council and 50% Higgs
- ACL is a self sufficent company and no money passes between council and ACL as all profits are reinvested into ACL/ pay off the £20m loan that was taken out
If i am wrong, can someone please correct me and explain the situation, but it seems that as the council or Mutton seem to be the voice of ACL then people are getting confused between who we pay rent to and what it is used for.
A couple of questions:
1, how is the tax payers money CT affecting the day to day running of the Ricoh?
2, How does reducing the rent affect the tax payer?
3, Why should the tax payers of Coventry have a say in how much the rent is when it is not paid to the council, but to ACL?
My understanding:
- £1.2m pa rent is paid to ACL?
- ACL is made up of 50% Council and 50% Higgs
- ACL is a self sufficent company and no money passes between council and ACL as all profits are reinvested into ACL/ pay off the £20m loan that was taken out
If i am wrong, can someone please correct me and explain the situation, but it seems that as the council or Mutton seem to be the voice of ACL then people are getting confused between who we pay rent to and what it is used for.