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• Reference: 2017/4151
• Question by: Peter Whittle
• Meeting date: 02 November 2017

With the housing market currently stagnating due to record house prices, banks clamping down on mortgage lending through tougher affordability criteria and interest rate rises looming on affordability requirements, are the current plans by the LLDC just too ambitious?

• Question by: Unmesh Desai
• Meeting date: 02 November 2017

Unmesh Desai AM: Thank you, Chair. David, I noted your answers to Assembly Member Bailey’s questions about the financial sustainability of the Stadium and so I will not repeat his questions. However, just to be very specific and much more direct then may I suggest Assembly Member Bailey was, you talked about the LLDC moving to a stable financial footing, you talked about long-term aspirations and you talked about making good progress, but you are not in a position today to tell us when the LLDC will have enough financial stability to be wound down. Yes or no?

• Question by: Unmesh Desai
• Meeting date: 02 November 2017

Unmesh Desai AM: David, in the long term, can you tell us whether the Copper Box as well as the Aquatics Centre will continue to remain financially sustainable as well as affordable for the local residents and communities?

• Question by: Peter Whittle
• Meeting date: 02 November 2017

Peter Whittle AM: Thank you, Chair. David, good morning. I notice that one of the planks of the whole development is going to be the Cultural and Education District. This is absolutely to do with the long-term finances of the whole project. I notice that apparently for the construction costs originally, for example, for the Victoria and Albert Museum (V&A), you were looking at philanthropic donation to cover it. That has been abandoned and now you are going to underwrite it. According to your draft budget submission it is now assumed the museum building development will be repaid through a...