Opposition councillors in Camden have raised concerns over the council’s planned acquisition of the O2 Centre site off Finchley Road. Liberal Democrat leader Cllr Tom Simon criticized the decision to buy property temporarily, emphasizing the lack of details regarding costs, timelines, and the inherent risks to taxpayers. He pointed out potential legal challenges and compensation issues related to affected neighbors. The absence of transparency in these negotiations, particularly regarding the duration of ownership and property impacts, has sparked fears of poor planning and hastily made decisions without proper oversight.
Cllr Tom Simon highlighted the lack of details on costs and risks associated with Camden Council's temporary purchase of the O2 Centre site, calling it an unacceptable risk.
Opposition councillors expressed concerns that Camden Council's purchase for development could lead to significant risks for taxpayers without a clear plan or detailed report.
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