Westminster Council has accepted £600,000 in cash from the
developer of a five star hotel and private members’ club in place of new social
homes. The contribution to the borough’s affordable housing fund from Prime
Investors Capital is more than £400,000 less than outlined in the council’s own
policies.
However, Westminster
gave formal approval for PIC’s plans to renovate Admiralty Arch on Tuesday,
accepting a separate £100,000 contribution for ‘public art’ in the process. The
planning committee decided not to try and secure this smaller sum – earmarked
to complete two statues – for the affordable housing fund, despite a total of
£1,015,980 needed to comply with its policy. Read more on Inside Housing.
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