00:00Birmingham City Council has sold more than £250 million worth of publicly owned land and property
00:07as it attempts to recover from its ongoing financial crisis.
00:12Figures obtained through a Freedom of Information request show that more than 1,000 properties and plots of land
00:18have been disposed of since September 2023, when the Labour-run authority declared itself effectively bankrupt.
00:25The sales have taken place during a period marked by cuts to local services, increases in council tax and a wider programme of asset disposal.
00:35Most of the properties sold were homes, but the list also includes shops, industrial and business premises, garages, car parks, former pubs and undeveloped land.
00:46One of the most high-profile disposals was the Bordersley Green Wheels site.
00:51Sold for £50 million and now earmarked as the proposed home of Birmingham City Football Club's new stadium, planned as part of a wider sports quarter development.
01:02Other major sales include 10 Woodcock Street, acquired by Aston University, and land to the north of Kingsbury Road.
01:10Smaller sites have also been sold, including a former children's centre and former pubs in residential neighbourhoods.
01:18Government-appointed commissioners overseeing the council's recovery say that asset sales are helping to fund the cost of equal pay claims and address previous budget deficits.
01:29What is that?
01:30Here, behind that, we have to raise your contract by a meeting with rent and support Srivmnbs,
01:35a fairly Church-re bass vine зд, which is a very beautiful podcaster to report collecting funding.
01:38Thanks!
01:40So here, let's talk to you today about sc junior to minha querazia lamp everybody says in the company's historic
01:41Soviet работ,ichtet�� diante,社会 Morgen sw Immediatelyantic Byron Wilson,
01:43your class of Ukraine kettlebell ties have certainly reduced inde Ancient Eleset alone in the
01:44community by Kuwait Bloomberg.
01:45And if you want to make youristi as well, itrast chain the zoo cards, it's not necessarily covered.
01:47So finally, there we have to be featured realities with a thatcak 1984 alle two-RIs.
Comments