Cash value cannot be placed on Swansea's Slip Bridge or abutments
A CASH or insurable value cannot be attributed to the Slip Bridge or its abutments, councillors have heard.
Swansea's cabinet member for finance, Rob Stewart, was questioned on the structure's worth in light of a council audit report.
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The two remaining supports of Swansea's old Slip Bridge which is still technically a public right of way
Nortridge Perrott, who long campaigned for the bridge to be reinstated, also questioned the value of James Harris paintings belonging to the council.
He said: "Will you be in a position to give the Slip Bridge a valuation, both the bridge and the abutments, and the paintings of James Harris?"
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However, Mr Stewart told the meeting that the view of the valuers was to not ascribe a cash or insurable value to the bridge or the paintings at this time.
The audit report looked at heritage assets owned by Swansea Council. Changes in the way councils run their books means Swansea's heritage assets value shot up by £23.4 million.
This is made up of £295,000 of assets transferred from other categories and £23.1 million of newly-recognised assets.
Mainly these refer to art gallery collections which have been valued using insurance valuations.
According to the auditors' report, compiled by PricewaterhouseCoopers, heritage assets are "intended to be preserved in trust for future generations because of their cultural, environmental or historical associations.''
Some of the change in valuation was down to outdated valuations. The auditors said: "It is recommended that the authority considers the need to keep heritage asset valuations sufficiently up to date and how this requirement might be met through a rolling programme of valuations in the future."
Comments
by JoTawe
Thursday, February 07 2013, 9:27PM
“Is Helen Keates unable to comprehend the very words she quotes? The crux of this story is that Rob Stewart, cabinet member for finance, when asked of the value of the Slip Bridge, answered that the view... was not to ascribe a cash or insurable value to the bridge...at this time. Helen Keates sums this up in her headline, "Slip Bridge not worth a penny - official". Isn't anyone checking her work?”