Ben Houchen says controversial Teesworks share transfer was 'best thing for Teesside'

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Conservative mayor Ben Houchen refused to say he would renegotiate the deal which saw 90 per cent of a public-private partnership handed over to two property developers when challenged by his election rivals.

A live hustings broadcast by BBC Radio Tees saw candidates for Tees Valley mayor debate the issues facing the region ahead of polling day next Thursday. When asked by moderator Richard Moss if he would renegotiate the controversial deal, Lord Houchen said: “I think it is a great deal.

Private developers Chris Musgrave and Martin Corney have so far made over £120m from the project without investing any cash themselves. Asked if he would renegotiate the deal, Lord Houchen said: “This is typical politicking… You’re ignoring the fact it’s creating thousands of jobs. The report said everything that’s happened wouldn’t have happened without the joint venture partners. We would not have control of the site without the joint venture partners.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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