This may or may not be news to Firoka, the property developer with which the London Borough of Haringey signed a 125 year lease for our charity’s asset.
For some time now, the Trust and its PR company Lexington have claimed that Firoka will deliver £75m or £55m or - most recently – £45 million of “investment”. Why does the exploration for cash continue? Has the Trust in fact lost its way?
The contract with Firoka specifically promises a Casino in the User Clause section. Despite much obfuscatory bluster, this is not denied. The chairman has not yet offered an explanation for the casino clause or even acknowledged it. Is the reason for no comment that this Clause is a matter of embarrassment to the Council? Perhaps the next chairman will address it.
Another sign the deal is dead is that the Chairman has, for the first time, publicly opined that the casino “would be totally inappropriate at the Palace”. Is the reason that this was not said earlier, because of a fear of offending Mr Kassam, who insisted that there was the promise of a casino in the contract? But if the whole deal is off, it is now safe to make such a bold statement? Is this leadership?
If a casino fails to materialize at AP, it will be because either the whole Firoka deal is off or because Haringey renege on its promise to Firoka of a casino in the legally enforceable lease. The later to cost the Council a lot of money, but hey, its only our money they would pay to Firoka in damages!
For the past two years, the Council has described Firoka as its “Preferred Development Partner”
When Firoka were evicted from Alexandra Palace in December, following their unlawful occupation, the Trust issued some kind of ultimatum to Firoka.
This was followed in January with what the chairman then described as receipt from Firoka of a statement expressing the “clarity” the Trustees had been seeking and “fresh commitment” from their preferred partner. The commitment that was fresh then, now looks stale and even rancid.
And recently we heard a renewed offer to takeover AP from the current London Mayor, in which the Haringey council leader expressed glee and interest. Is this another signal the Firoka deal is dead?
The chairman is keen on always being clear, or at least saying he wants to be clear. Can he please clarify whether or not the Firoka deal is on or off? Will the Trust proceed with the Firoka deal or consign it to the dustbin where it always belonged? The uncertainty is not helpful and some of the Trust’s concerned beneficiaries would like to know.
The chairman’s commitment to openness “in the coming months” was first made last Christmas, four months ago. Since then we have had the normal secretiveness and repeated exclusion of press and public whenever there needs to be discussed something that is politically embarrassing. The public – the beneficiaries – needs fewer vacuous platitudes and more information from this shady Trust.
Hornsey Journal
30 April 2007