Council has sold over £250m of city assets

LAND AND PROPERTIES SOLD OFF AND MUCH MORE COULD STILL GO

- ALEXANDER BROCK

Birmingham Wheels Park is one of the sites sold of by the council and is set to become the home of Birmingham City FC's new stadium (inset)

CRISIS-HIT Birmingham Council has disposed of more than £250m worth of 'assets' amid its financial turmoil and could still need to generate hundreds of millions more.

More than 1,000 properties and plots of land have been sold off since September 2023, the month that saw the Labour-run council alarmingly declare itself effectively bankrupt.

During the following two years, the turbulence within the authority has manifested as cuts to local services; council tax hikes and asset sales.

Figures obtained through a Freedom of Information request lay bare the scale of the council's asset sale programme in particular as it looks to overcome its financial woes.