Feed The Rich Award
Well, what can you say, as Fred Done has got the hat-trick heaven of Salford Star Mary Burns Awards. Two years ago he won the Heritage Destruction Award for the Black Horse pub trashing (see here) and last year he got the Feed The Rich Award for huge public subsidies and planning fee avoidance (see here).
This year, the judges had no hesitation in handing the Mary to the lucky bookie, as the cost of his apartments in Black Friars and on The Crescent were revealed.
First up is what's now called 'Local Blackfriars', which the developer's website proudly boasts is "a gated community". The two ugly towers are stuffed with 380 apartments, townhouses and penthouses, for which Fred Done's FICM company avoided £1,283,970 in planning fees plus the provision of 76 affordable properties.
Transport for Greater Manchester also wanted two new bus stops "to improve the public transport accessibility of the site" but Done wouldn't even provide these as it would make the scheme 'unviable'.
Instead, the bookie/developer went cap in hand to Greater Manchester Combined Authority (GMCA) which provided cheap loans totalling of £22.5million of public money, and the properties were subsequently marketed to Hong Kong investors.
In August, the Salford Star revealed that the cost of one of these publicly subsidised apartments in Local Blackfriars ranged from £199,000 to £265,000 for a one bedroom flat; between £253,000 and £400,000 for a two bed and up to £475,000 for a three bed townhouse.*
A car parking space is extra, there's £350 a year ground rent and service charges of £2.60 per square foot per year (flats range between 475sq ft and 726sq ft).
At least Salford Council inserted a 'clawback' agreement in the Blackfriars planning agreement, so there's a chance of getting something back to the city from this development if it makes bucketfuls of profits...unlike at the Crescent, where historic pub, the Black Horse, was demolished in order to build 399 properties in the 'conservation area', and Done avoided an estimated £1.9million in planning fees with no clawback in place.
Here, at the now re-branded 'Local Crescent', prices range from £170,000 to £300,000 for a one bedroom flat; £250,000 to £350,000 for a two bed; and over £400,000 for a three bed townhouse. Again, a car parking space is extra, ground rent is £350 per year and service charges are set at £2.70 per square foot.
This year, the Sunday Times Rich List showed that Fred and Peter Done's wealth rose by £20million, to £1.35billion...
When one of Fred Done's directors was interviewed about the Blackfriars scheme, he said 'This will be Fred Done's legacy'...but, as recent graffiti in Langworthy shows, (see main photo), Salford people have their own views on the matter...
So, ladies and gentlemen, hurdle over your handouts, saddle up your life chances and bet your bottom dollar that you won't be able to afford a 'Local' apartment, as you whip it up for the winner of the Salford Star Mary Burns Feed The Rich Award...
If Fred would like to make an acceptance speech please us the comments box below...
* For a full background see previous Salford Star article – click here and follow the links
See other winners of the 2018 Salford Star Mary Burns Awards...
The Donald Trump Award For Media Dissing - Charlie Winstanley - click here
Disappearing Salford Award – Urban Splash/Alliance Investments – click here
Universal Catastrophe Award - Conservative Government - click here
International Award - Manchester City Council - click here
Real Digital Council of the Year - Salford City Council - click here
Cuadrilla Award for Attempted Protest Stifling - Bellway Homes - click here
Uncle Joe Stalin Award for Open and Democratic Government - Salford City Council - click here
Grenfell Tower Memorial Award - Salford City Council, Pendleton Together and the Conservative Government - click here
Radio Ga Ga Nursery Award - Salford City Council - click here
Art Appreciation Award - Salford City Council - click here
Main photo by George, tarted up by Louise