When is a “giveaway” not a give away?

21 Dec

When newspapers refer to the consultation about how to use “Section 106” money for sports facilities in Sidmouth.  EDDC is NOT giving away £250,000.  This money has been paid to Sidmouth, via EDDC, to compensate them for the concreting over of large parts of Sidmouth by developers.  It is money Sidmouth deserves but it is not a give away by anyone.  You don’t think developers would give money away.

Oh, and the money has been sitting in EDDC’s bank account for a long time before it gets spent, earning interest that they don’t distribute and if they don’t use it within a given time the developet can ask for it back – and this does happen.   There is no such thing as a free lunch!

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