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Rail concerns were off track
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"£300m eh? By the time it actually has to be paid for it'll be way over that figure. Everyone knows this. We're about to enter a recession, jobs will be lost all over the country - not created in the borders because of a railway. The very best description I previously heard of the business case supporting the railway was 'weak'. What has changed? Wonder who paid for the study? As to how it will be paid for? Borders council will not see the gains from new house builds, because they won't be built. The construction industry is about to go into a long period of stagnation, crippled by debts from land purchases, on which there is no point building houses, because pepole cannot get mortgages, or can't afford to move. No new houses = No council windfall. No council windfall = council tax increases??? Private finance won't come in since the credit crunch effectively put the hems on the financial markets. It's a white elephant and should be stopped before we reach the point of "well we know it's a wast of money and will never pay, but we've invested so much in it already". "
Posted by familyguy, on 7/14/2008 14:01.
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Borders landmarks celebrate St Andrew