Debt-ridden Slough to sell housing sites

Slough Borough Council plans to sell £600million worth of publicly owned sites due to being £760 million in the hole.

There are three sites which could be sold, including the former Thames Valley University site, also known as the North West Quadrant, that has been earmarked for 1,300 homes and 45,000sqm of commercial space.

There is also the 312-home site at the end of the Grand Union Canal known as Stoke Wharf, as well as the 212-home site on Montem Lane.

For the sites to be developed – which are part of a joint venture between the council and regeneration company Muse – the council has been advised to sell them to another purchaser for work to go ahead.

The council has already sold the Odeon Cinema in Basingstoke, and is considering selling its headquarters, Observatory House.

Its headquarters cost £54 million, while it invested in three leisure centres, an ice rink, affordable housing and commercial properties

Following its high spending Slough was placed under government supervision last year.

The council is considering charging residents £50 for garden waste collection as a means to raise more cash.

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