GazetteJumbo up for sale (From Gazette)

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  • "
    RU Sirius wrote:
    If Mr Braithwaite thought his plans for Jumbo were good and were turned down unfairly by the council, why didn't he use his his opportunity to appeal the decision either time? Or might the Planning Inspectorate upholding the decision completely destroy the claim from him and his Tory mates that it was a political decision?
    RU hello again,
    I really don't know anything much about Mr. B. other than I guess he is in business at some level with share holders or partners who need a return to justify their investment or input. Two years is too long a period for no progress in the property business - in my experience investors in business development expect a sensible return and move to profit by the third year - watch Tesco/Sainsbury/ Virgin... two years without progress is too long. Maybe Mr.B misjudged the complexity of the Jumbo project from the start. But also possibly did those who dogmatically opposed every aspect of the project, and apparently without the offer of consideration or of negotiation. What ever the cause Colchestrians have lost an opportunity to retain and develop Jumbo - no one should be seen to celebrate over this fiasco."
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Colchester water tower Jumbo up for sale

Gazette: George Braithwaite on the top of Jumbo George Braithwaite on the top of Jumbo

COLCHESTER'S iconic water tower is to be sold.

Developer George Braithwaite today said he had had enough of opposition to his plans to convert Jumbo into luxury flats and offices as well as a restaurant and museum.

After nearly a decade, he revealed he is to put the Grade II listed building back up for sale.

It will be listed for auction next month. He blamed Colchester MP Sir Bob Russell for standing in the way of the development.

He said: "I can't fight that MP. He has ruined it for Colchester, for the country and for the building."

See today's Essex County Standard and Gazette for more on this story.

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