Object
HAAP: Schedule of modifications
Representation ID: 33184
Received: 14/01/2014
Respondent: Mr James Hunter
The Inspector's changes correctly & appropriately reflect the findings of the Retail & Leisure Study 2008, but the changes will impact on the project finances. There is no evidence that the revised proposals are financially viable. The original viability analysis, as presented in the submission copy of the HAAP contained a significant error (omitting land assembly costs) and the plans for more offices are contrary to their own expert's advice (see Evidence Base letter from GL Hearn).The changes may well impact the finances and an updated viability analysis is required.
The Inspector's changes correctly & appropriately reflect the findings of the Retail & Leisure Study 2008, but the changes will impact on the project finances. There is no evidence that the revised proposals are financially viable. The original viability analysis, as presented in the submission copy of the HAAP contained a significant error (omitting land assembly costs) and the plans for more offices are contrary to their own expert's advice (see Evidence Base letter from GL Hearn).The changes may well impact the finances and an updated viability analysis is required.