Letter: Where is the money being reinvested?

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You read in the papers how large multinational corporations buy up smaller businesses to buy their trading books then once they have the customers they close the small business down and make the workforce redundant.

How close a parallel can we draw with things that are happening in our small seaside town.

The question has to be asked what is going on?

Firstly we have an imposed closure of our Tourist Information Centre and Customer First building, to be sold off to the highest bidder.

Secondly the playing field on Helredale Road was sold off for new housing, a loss of a community asset.

Now a school is being closed and maybe a large building firm might be interested in developing the site.

And Sneaton Castle site is due for development.

So money will be made by the council in a short period of time.

I do not have an issue with councils living within their budget, however.

You also need to look at the other side of the balance sheet, where is all the money being reinvested?

Peter Croft

Sandpiper House

Whitby