Company collapse brings Basingstoke rejuvenation to standstill.
But the company went into administration on December 23, meaning that work to tear down the 10-storey blocks has not restarted after the Christmas break. However, borough chiefs who are behind the scheme, say they are confident the work will continue and may be completed within three months once a new contractor has been found.
Cllr James Lewin, Basingstoke and Deane Borough Council Cabinet Member for Finance, said: “The council remains totally committed to creating a 21st Century urban business park of regional importance as part of our transformation of Basingstoke town centre. The demolition company going into administration is unfortunate but we are in a strong position with half of the most difficult work already completed. Therefore, I remain confident that we should still be able to complete the contract within the earmarked growth point funding we received from central government and with only a few months’ delay.”
He said officers have been in discussions with the administrators and are working to get the project back on track as quickly as possible. The demolition had been scheduled for completion by April this year, but could still be finished in the summer.
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