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Old March 5th 14, 07:03 AM posted to uk.transport.london
Recliner[_2_] Recliner[_2_] is offline
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First recorded activity at LondonBanter: Dec 2008
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Default Brompton Road Tube station sold for £53m

Roland Perry wrote:
In message
, at 15:50:00 on Tue, 4 Mar 2014, Recliner remarked:
You might not have noticed, but HMG are doing a fair bit of selling off
of property that's deemed no longer necessary.


Indeed, and apart from the sale proceeds, the activities involved in
constructing and occupying the new building will presumably generate
on-going tax proceeds (business rates, council tax, VAT, income tax,
corporation tax, etc). It will also provide more homes, though probably not
exactly "affordable" ones. Had it stayed in MoD ownership, it would have
needed maintenance and not generated any income.


I was suggesting a museum, which would not have required ongoing
MOD-funded maintenance; and would generate on-going proceeds from the
conversion and subsequent visitors as well.


London museums don't generate any net income. The major ones are free, and
even the ones that charge admission certainly don't even cover their
operating costs. And it would still be the public purse that was paying for
the building maintenance. Some might also suggest that London in general,
and the area near Brompton Rd in particular, are already over-served with
museums.