As predicted on this site on numerous occasions, according to the Croydon Guardian:
"Minerva, the company behind the £500m Park Place project, has admitted it needs someone to bail it out otherwise the development will not happen."
Why have the successive councils that have "ruled" Croydon insisted on favouring property companies that offer fancy ego boosting schemes, that have not got a chance in hell of becoming reality?
Croydon Council's stubborn delaying tactics over the Gateway development appear to be causing Stanhope Schroders problems as well.
Well done the council, serving their needs before the needs of the citizens of Croydon!