Waterfront warning
Tuesday 4th November 2008, 3:00PM GMT.
THE Treasury Minister is being urged to take control of the £350 million Esplanade Quarter development deal.
There are fears that the States could be ‘blackmailed’ into the deal and that the Waterfront Enterprise Board does not have the ability to remain in control of the project.
Former WEB director Senator Jim Perchard is concerned that the project and deal with Harcourt Developments could be railroaded through the States and wants Senator Terry Le Sueur to take the reins.
And Health Minister Ben Shenton has raised questions about the ability of Waterfront Enterprise Board director Stephen Izatt, who he claims should have resigned after misleading Chief Minister Frank Walker over Harcourt’s legal positio
• An artist’s impression of how the development might look
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Hand it over to the Finance Minister!!! is that because he has such an efficient and successful track record, like his handling of the sale of the JGC building, the sale of Jersey Telecoms, (cost estimated at £2,ooo,ooo and it wasn’t even sold) and of course the introduction of GST that he and his staff and numerous consultants spent six years looking into but without even taking into account the funds that would be generated by ITIS which if he had postponed the GST for another year, he would seen that GST really wasn’t required. Yes what a great idea let El-Terry deal with it!!
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Oh dear oh dear, here we go – if there’s one sure way to mess this up it’s to get politicians involved. Double the budget and the construction time for starters. Especially the current incumbents of the Big House. Oh dear oh dear oh dear.
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Let’s hope Mr Le Sueur has the gift of common sense much lacking in Mr Frank Walker, if and when he takes the reins!
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This is complete a complete folly – a pseudo Dubai in the English Channel, and no one has the guts to change their mimd.
In case no one has noticed the whole financial world is changing and in 10 years time, when this is finished will there be an offshore finance Industry? I doubt it.
We are betting the islands future, and we don’t have any natural resources to back the bet, apart from political hot air.
Why not offer £150M to a bridge builder to link the Island to France, they can keep the tolls and maintainace for say 20+ years but at least we have a risk that someone who lives in the EU (493 million chances) might visit?
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Oh dear indeed! I wonder what the level of GST will be raised to, in order to compensate for the failure of succesive States commitees to get it right! I wonder how the Islands elderly and poor will cope with higher taxation on everyday basics! Yup Franks government fouled up again! Cheers Frank!
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should we really be getting involved in such a huge scheme at this time considering the global economic crisis which has already started to affect jersey?
would it not be far more prudent to put this entire proposal on the back burner until we see how well and in what areas the economy regenerates?
do we really need more financial, retail and apartment housing developments when all these sectors are experiencing a stagnation in growth?
the good times are over … time to really think carefully and consolidate.
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