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Credit crunch hits St Lawrence plans

By: KentOnline reporter multimediadesk@thekmgroup.co.uk

Published: 17:47, 03 December 2008

Cricket club chairman George Kennedy

Kent County Cricket Club chairman George Kennedy has warned the current financial climate is delaying the redevelopment of their St Lawrence ground.

Mr Kennedy, who predicts the county's financial results in the New Year will be disappointing, has stated that the club is now seeking new offers from companies to develop work on the Bat and Ball and net site.

He said: "The main builder (Persimmon) who had been successful in tendering for the work on the Bat and Ball and net site has run into financial difficulties and is currently unable to go ahead under the terms previously agreed.


Audio: George Kennedy speaks to Adam Williams about the ground redevelopment >>>


“The committee is presently seeking new offers from several companies and negotiations are progressing well.

"The hotel project is more promising, and recent reductions in interest rates will, it is hoped, help our partner be ready to move forward when we resolve the housing sites.”

For the full story, see this week's Kentish Gazette

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