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Document on future of Otley Civic Centre is submitted
9:00am Saturday 18th January 2014 in News
A document that could decide the future of Otley Civic Centre has been formally submitted to Leeds City Council.
The feasibility study, created by a working group for Otley Town Council, aims to show that a refurbished building could become self-financing shortly after re-opening.
The report, which was presented to Leeds on Monday, envisages: l Full annual running costs, including maintenance, marketing, staff and the £30,000 a year loan repayment, of £265,860 l A significant shortfall – about £69,000 in year one – between income and costs in the revamped Civic Centre’s first few years l Income rising so that by year five the building would be getting closer to breaking even – generating just under £230,000.
It is now up to Leeds, which owns the Grade II listed property to decide what happens next.
Town council chairman Councillor John Eveleigh (Lab, Ashfield) said: “Leeds will take some time to see if it all stacks up and, if the answer is yes, will have to identify the necessary capital to pay for the work.”