Bedford council pulls out of buying Lloyds Bank building
According to the Local Democracy Reporting Service, the council stressed it remained "fully committed" to regenerating Bedford town centre and could still intervene in the property market in future to support the scheme.Options could include negotiating a private sale or using compulsory purchase powers – a move the council's executive backed in principle last October.Funding set aside for the purchase, stamp duty, legal fees and essential maintenance – more than £1.5m – is now not required.
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