As a valued member of Crow Wood we wanted you to be the first to know about developments with our current building project. We regret to inform you that our plans to build the hotel have been delayed over a legal dispute. The construction site will be mothballed next week when the final concrete panels are installed and the site is made safe.
We believed that we had reached an agreement in the summer with the previous land owner but regrettably that does not appear to be the case. The company is very much committed to the project and work would re-start immediately should an agreement between the parties be reached and signed. If the parties are unable to reach a mutually acceptable figure it will ultimately be decided in court. It is a shame that we are currently unable to reach agreement with the previous landowners.
The delay has come as a disappointment to various contractors whom are ready to start work on sites, but they understand it is not solely within our gift to deliver the project at this time. We are sure it will be a disappointment to many others too, including our existing clients, current booking inquiries and the wider public. The hotel will potentially create up to 70 new jobs. The good news is that nobody has lost out financially and all current works are paid in full. It is our intention to deliver the project at some point in the future, as we believe it will be another asset to the town.
In the meantime, we remain focused on developing our existing business, which continues to grow organically thanks to the hard work of all of our staff. Andrew Brown Leisure is the main contractor for the project and has known that the banks would not lend whilst we were threatened with litigation, which is why no further contracts have been awarded for several months and the job has now stopped. The consultants and sub-contractors were made aware of this impasse last week, and were unanimously sympathetic to the situation and ready to recommence work on the project whenever that may be. The existing building structure will stand in all weather and not deteriorate, meaning the project can be picked up in the future, should an agreement be reached.
We all very much hope that we can find a resolution acceptable to both parties and avoid a protracted court dispute, as such we are happy to meet at any time.