Greenwich Council will today consider proposals to sell off a Grade II listed power station, car parks and toilet blocks to help find nearly £34m of savings.
A council spokesperson said the council was ‘well-managed’ but had to make the best use of its land and properties to remain financially stable.
‘We have 788 sites totaling 6.3 million square feet and although we have a high occupancy rate, 93%, due to high operating and maintenance costs, we are not covering our costs,’ they added.
The council needs to find £33.7m of savings to balance the books this year. It is forecasting a budget gap of at least £27m next year.
Check out: Selling the family silver.
