
The Lib Dem’s admitted this week that the Theatre was nearly six months behind schedule because the Council’s business partners had not transferred the required funding. They forgot to tell anyone about it though!
There was huge controversy in the summer of 2005 over the Lib Dems breaking numerous promises by providing £3m of taxpayers’ money, opposed by the Conservatives, to own part of the Theatre property company. The Council’s majority "partners" in the company are General Mediterranean Holdings (GMH) and Kingston University, who pledged £3m and £500k respectively. GMH would have the control of the company but the only action taken by the partners so far has been to name directors to the company.
We had a Council meeting last week at which the Lib Dems admitted that: “I have to be honest, the money (from GMH) has not yet been transferred.” They also failed to rule out any additional council funding being provided to keep the Theatre running in the meantime. Could be another 1/2 % increase in Council Tax?
We were all informed in June 2005 that the "deal" was being rushed through without the opportunity for proper Council scrutiny because the building work needed to start in September 2005 to meet the plan of opening in September 2006. Part of that deal was to fund the running costs of the theatre staff up to the opening in September 2006. It does not take much to work out that the theatre will need six months more running costs and it has only one source of income - the Council tax payer!
The Conservative Group have asked me to be a Council appointed trustee on the Kingston Theatre Trust because despite the fact we disagree with the idea of the Council funding the theatre we need to ensure that the money the Lib Dems have allocated is spent wisely.