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Most of the transport industry, the media and Sir Terry Morgan himself expect Sir Terry to be asked to resign as chairman of the £56B HS2 high speed rail project. The Financial Times, which broke the story on 1 December, said Cabinet ministers were urging his dismissal "as fears grow" that the project will overshoot its budget "by a big margin." A wobble for HS2 from which the project will recover, or the first sign of the instability that could lead to a fatal fall? Bisnow analyses what is at stake, and identifies the problems. 
1. HS2 Could Become Undeliverable Or Unaffordable The project's budget is fixed within a £55B to £57B cost envelope (at 2015 prices) but there are already signs that costs are rising. HS2 Chief Executive Mark Thurston has said he is…
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Why Coventry's 340-Acre Green Belt Release Means A Shed Load Of Opportunities
Coventry's 340-acre Eastern Green green belt release has reached a turning point, with a 36-acre industrial development close to the A45 expected to be the project's first fruits. Developers Hallam Land Management Ltd. have submitted an outline planning application for…
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From Carillion To Co-Living: One Office Block's Unusual Transformation
The former headquarters of collapsed construction giant Carillion is being transformed into an £8M co-living project. The 218-room conversion in Wolverhampton is among the handful of co-living schemes underway in the U.K., so far all refurbishments. Investors are taking a keen…
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Peel, Intu And How Retail Is Suddenly No Fun At All
John Whittaker's Peel Group has refinanced the vehicles that own Intu shares in the aftermath of the collapse of £2.9B plans to buy out the Merry Hill Centre and Trafford Centre owner and shopping centre giant. Whittaker, whose Peel Group…
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