Indeed, noting on social media stating it has been scrapped
Statement on incidents on teesside and tees issues on FB
What’s Happening With The Snow Centre Plan?
In the last few weeks quite a few people have asked me about this.
The project is a private development and not something that Middlesbrough Council is delivering.
But over the last 5 years or so the council has committed strong resources of time and money to help make it become a reality.
This is because it would be an incredible thing for our area - a genuine game changer.
Sadly though it looks like the project doesn’t stack up financially for the owners.
The only way the snow centre could possibly happen is if Middlesbrough Council and perhaps Tees Valley Combined Authority financially guaranteed about half the £40m needed to build it.
We have thought long and hard about whether we should guarantee the finance the project needs.
But the possibility of losing £20 million on this exciting but speculative £40 million project feels way too much of a risk.
Having said this, we’re still talking with the owners of the project and they are working hard to find a way to make it work out financially.
We will definitely continue to talk with them and we absolutely are happy to support the scheme financially so long as the maximum potential loss for us is reasonable. But right now that’s not the case.
I’ll keep you up do date with any progress.