It seems the Council loaned money to help build the Community Centre and hoped to get it back from the sale of the land to the Co-op. It hasn't happened however and the disaster that is the town centre seems to be worse than first thought. 'Interest on the loan is estimated at around £36,700 per annum.' according to the Press & Journal. (of course the community centre has a debt of its own too but here we're just talking about the council's tab). Further costs too:
'A report to go before the council’s resources committee next week also reveals that the local authority spent a total of £21,858 on fees while pursuing the sale of land to the Co-op.'
Now we can see why it would be handy for the Highland Council to sell town centre land to developers for flats, a move which is proving highly unpopular among the populace. The brewing discontent should come to a head at the Ward Forum meeting on Weds night.
More in an excellent Press & Journal article here.