London & Quadrant Housing Association, which is already costing the tax payer multi millions with their purchase of a viable greyhound stadium following on from an 8 million write off of bad land deals last year, is parting company with Steve Yianni, the L&Q Director responsible for the stadium and is paying him a huge severance pay package, part paid for by the tax payer. We understand this to be three times his annual salary. Does Mr Yianni know too much?
Government minister Nick Clegg totally condemned the actions of public bodies who provide large “pay offs” but L&Q is giving the money to Steve Yianni who has been fronting the Walthamstow Stadium disaster. How many more will follow Mr Yianni out of the L&Q exit door?
In further news, L&Q’s agents, again paid for by tax payer money, have totally misled government bodies with false and fake claims-now exposed following FOI requests.
How can any employee support the actions of L&Q who has accused a Government Minister of bullying and persistently lied concerning planning dates starting from August 2008. L&Q has destroyed the local community by putting 500 employees on benefits and leaving the flag ship of the borough lying in ruins and boarded up while thousands need jobs. They are costing the tax payer multi millions and have tried to fix planning dates to stop the public speaking out against their plans.
L&Q Director Mike Johnson claims the local council encouraged them to buy the site and that’s why Waltham Forest are bending over backwards to assist them even though the site is unviable for housing which only provides a few affordable homes.
Bob Morton’s plans are supported by MP’s and are viable and do not take any money from the public purse yet provide more affordable housing than L&Q’s, provide employment and offer the London Living Wage for hundreds of locals. The track would also be restored and boost the local economy and provide locals with sporting facilities in the stadium.
Under the London Plan the loss of employment and recreation is huge and should never be allowed. If officers do their public duty, they should honour local wishes and, with the Localism Bill imminent, the local community deserve more from their local council.