Friday 20 May 2005 12.49pm
Certainly they have a stewardship duty to ensure that public money is well spent and that the revenue to the SBC from private sources is as high as appropriate. But they have to Balance
that against driving the development of the South Bank. Evicting the Eye would (a)cut off a revenue stream and (b)remove one of the most popular tourist attractions in the south bank, with, I'd expect, pretty negative repercussions for investment, employment and business tax revenues.
Of course if it is just posturing then neither SBC or the Eye backers expect it to come to an eviction, so it acts as no real threat to the Eye and makes SBC look like venal thugs.