Controversial £1.5M debt write-off to NCP car parks rejected by majority of councillors but still likely to proceed
manchestereveningnews.co.ukA decision to write off a debt of almost £1.5m owed to Bolton Council by car parking giant NCP has been slammed by councillors.
The council, which has had to make more than £40m of cuts in the past four years, works with National Car Parks Ltd (NCP) who signed a 50-year contract in 2009 to operate the multi-storey car parks at the Octagon, Topp Way and Deane Road, as well as surface car parks on Ashburner Street and the Octagon.
NCP also manages the maintenance and cash collection for the on-street pay and display terminals located in the borough. Within the contract, there is a requirement for NCP to make payments to the council of £79,398.90 per month.
However, when the Covid pandemic hit and the car parks were unused, NCP stopped paying and accumulated a debt to the council of around £3.8M.
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