Council Pays Tesco $10M to Exit Car Park Lease | Nottingham News

Mansfield District Council and Tesco are settling their long-running dispute over the Walkden Street car park — the one that partially collapsed last August. After years of legal battles and stalled repairs, the council will pay Tesco over ten million dollars to exit their 99-year lease, a move that’s actually cheaper than continuing the agreement. But here’s the catch: they’ll need to borrow seven and a half million more to cover the cost, using their existing two and a half million repair fund, plus another half million for demolition. If approved next Tuesday, this deal will wipe the slate clean on all past and future liabilities — but at a steep financial cost. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a404259ab9c9af4f