Bank won`t sell New Street Site ?

From todays Evening News 29 April 2009

THE massive Caltongate site is set to mothballed for a year or more after the Bank of Scotland ordered administrators not to sell the site on the cheap.

The Edinburgh-based bank is owed £73.8 million by Mountgrange Capital and is concerned that, in the current market, the site would not sell for enough to get it the money back.

Remember when the republic broke the news of Mountgrange having no cash back in September last year, of course no one believed them as they were not a PR spin doctor like Mark Cumming of Never Beaten PR or Donald whaur`s yer troosers? Anderson of the infamous pr outfit PPS Group

Mountgrange say no funding in place for Caltongate

latest Mountgrange publicity photo

"A spokesman for the Caltongate development said that it might be harder to raise funding for the residential element of the project in the current climate. "

This appears in todays Sunday Herald in which it tells -

"THE £50 million extension to Dundee's premier shopping centre faces delays of up to three years as the economic crisis takes its toll on retailers."

Oops do Mountgrange really think they can get away with knocking down our homes and heritage to build a 5 star hotel for dwindling wealthy tourist numbers and offices for non existent businesses? No we don`t think so either, they just want to knock it all down and sell the land on when economy picks up. So yes, we would have a gap site for over a decade if this was to be allowed to happen.

Caltongate not to happen?

Above a blast from the past in 2006, with our Canongate Coo in front of the Macrae tenements emptied for greedy property developer`s Mountgrange, who planted perspex cows all over the city with their name on it for the Cow Parade that year.

Word on the street is that the council are re-populating the empty council tenancies that they emptied on behalf on Mountgrange, so they could knock them down for their French run Accor Caltongate luxury 5 star hotel.

But now in these uncertain global economic times, it looks like they are listening to folk like us and housing the citys`s residents, which is their first priority, instead of pandering to London resident Manish Chande demands.

The council have still not answered a FOI request from October on the council tenancies at 221 and 227 Canongate. See Here

See SOOT`s 2008`s Hogmanay Protest outside empty homes

Welcome to Brent`s Edinburgh

Edinburgh`s head of urban design and tipped to be the man for the whole of Scotland gives the thumbs up to some of the recent awe inspiring designs, some already up and making life worth living.

Council Headquarters, said to be the inspiration for its new next door neighbour Caltongate.

Early model of Caltongate to wet the appetite....

The square, which will be a fantastic windtunnel

The groundbreaking Caltongate Hotel or Barlinnie as its commonly referred to.


Malcolm Frasers builing for Jeffrey St aka"Block the view"





University Informatics Building

Haymarket Horror Hotel

Caltongate Plans Crushed?

City builders hit a brick wall as crunch bites

THE building of thousands of new homes in the Capital is in doubt as the credit crunch brings the city's construction industry to a virtual standstill.

Major developments are being mothballed across the city, with a string of building sites lying empty along the Waterfront and the city centre in particular.

Full story here Evening News 18th Aug 08

"Caltongate" Not To Go Ahead?

Save Our Old Town Campaign

Wall Street Video

Landmark Building Left on the Shelf

Prince Charles Edinburgh