AN ABERDEEN councillor has called on north-east business leaders to “put their money where their pen is” and pay for a £140million city-centre civic square project.
Opposition Labour group spokesman Willie Young issued the challenge after 50 prominent business chiefs and industry body Oil & Gas UK wrote to the local authority calling for approval of the development at Union Terrace Gardens.
Councillors meet in two weeks to decide whether or not to continue with the project, but support appears in doubt after a consultation in which 55% of the public said they opposed the plan.
Oil services businessman Sir Ian Wood has pledged £50million of his personal fortune towards the cost of the city square project, with another £20million contribution expected to come from the private sector.
Sir Ian and development body Aberdeen City and Shire Economic Future (Acsef) hope the remaining £70million can be raised from the public sector.
While Acsef has stated it will not ask the troubled city council to contribute from its revenue account, many councillors have expressed doubt that the Scottish Government and its agencies would be willing to pay the remaining sum as it prepares for years of financial austerity.
Mr Young said: “What strikes me as remarkable about the letters from Oil and Gas UK and the 50 business people in Aberdeen is that each and every one of them is happy to write to the chief executive pleading for the city square development yet it seems that not one of them is prepared to put their money where their pen is.
“Oil and Gas UK tell us that Aberdeen is the hub of oil and gas in the UK and that it generates £18billion per annum – yet none of these companies seems prepared to back the development with hard cash.
“It would certainly help councillors to support the development if the private sector, other than the generous offer from Sir Ian Wood, were seen to be putting up the money.
“If you can’t or won’t back up your letter with hard cash then please don't gripe from the sidelines.”
Councillors will discuss the future of the city-centre project on May 19.
Aberdeen and Grampian Chamber of Commerce chief executive Bob Collier said: “Money is not the issue at this stage of the development and the chamber is confident that the funding can be found by Acsef.”
He added that the results of the public consultation showed there would be stronger support from residents for an “adjusted” proposal for a garden which takes the topography of the site into account, with the proposed new Peacock Visual Arts centre as a “key ingredient”.
Support for such a revised proposal could be tested through an international design competition, Mr Collier said. “In a divisive debate, a steady hand from the leadership of the city to keep the option of this investment open long enough for the citizens to decide on the merits of an improved proposal, is the only decision that counts on May 19.”