Residents' anger over failed Devon building company

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Residents' anger over failed Devon building company
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A soft closure of 3Rivers Development Ltd was agreed by all members at a full council meeting.

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One resident called the build at St George's Court an "eyesore, enormous, ugly blocks of flats towering over the river bank like a ridge of giant tombstones"Residents have called for a public apology amid fears that losses made by a development company could leave taxpayers footing the bill.

The council needed annual sales of about £3.5m to cover its overheads. In both its 2021/22 and 2022/23 accounts, the council provisioned for potential losses by the company of around £5.3m. "This site could have been a jewel in Tiverton's crown, [but] is now blighted by this eyesore, enormous, ugly blocks of flats towering over the river bank like a ridge of giant tombstones. It's another nail in Tiverton's coffin.

Liberal Democrat council leader Luke Taylor said the council "certainly has no plans for any future arms-length businesses."

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