|Directors against using Waterfront cash to take trams to Leith|
|Thursday, 04 November 2010 09:22|
The directors of the City Development and Finance departments have ruled out the possibility of using the Waterfront redevelopment monies to complete the tram line to Leith according to an article in the Guardian on 3 November:
Jenny Dawe had previously suggested that the £84m Tax Incremental Funding (TIF) monies might be used to complete the tram line to Leith, however Dave Anderson and Donald McGougan have indicated that while still 'technically' possible, this would require a completely new business case to be agreed with the Scottish Government and potentially jeopardize the other developments for which the fund is earmarked.
The likelihood of trams coming to Leith in the forseeable future is looking increasingly slim, despite reassurances from tie and Gordon Mackenzie, the city's Transport Convenor.