- Stay Connected
Socialize
Abraham Lincoln
If given the truth, the people can be depended upon to meet any national crisis...
Guildford news...
for Guildford people, brought to you by Guildford reporters - Guildford's own news service
Letter: Cathedral Should Look For A Sustainable Income from Stag Hill Development
Published on: 4 Jan, 2017
Updated on: 4 Jan, 2017
From Mark Kohl
The Stag Hill development is an ideal chance for the church to practice what it preaches. Land within walking (and cycling) distance of the town centre, railway station, hospital, research park, sports park, vet school and university could easily be a no car parking development with a mix of rented social, affordable and sheltered housing.
The rental income would be a forward looking, sustainable income for the upkeep of the money-pit Cathedral. If they just flog it off to a developer then they will get the money just once.
Share This Post
Responses to Letter: Cathedral Should Look For A Sustainable Income from Stag Hill Development
Leave a Comment Please see our comments policy. All comments are moderated and may take time to appear. Full names, or at least initial and surname, must be given.
I'm living well for nothing at all! (See: No Trifling Matter: Magpie Trapped in Godalming Sainsbury’s)
Next stop, Debt Chasm! (See: We Should All Be Outraged About the Failure to Deal with Legacy Debt)
Martin Elliott
January 4, 2017 at 1:14 pm
The Cathedral did state last year, residual capital after repairs would be used to purchase an annuity to generate an ongoing revenue stream.
Nobody however has illustrated what such an income that would generate in present financial markets, nor compared it the revenue generated from an estate of rented accommodation.