£1.8m for JCG site ‘is not enough’

£1.8m for JCG site ‘is not enough’

St Saviour Deputy Rob Duhamel lodged a proposition today calling for the sale to be halted pending a valuation of the site. He does not believe the deal proposed by the Treasury Minister represents good value for money. Under it, the States would get £1.8 million up front and then a share of the profits from the development of flats and houses on the site. Deputy Duhamel says that even if the States were to be given half the profits, the figures supplied suggest a maximum return of £3.1 million.

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