·2 min read
This reader believes the anticipated (by some) arrival of ASDA in Newport "is not good for the Island - not good for jobs, not good for choice and not good for our souls."
ASDA Isle of Wight
The ASDA Isle of Wight plans to open in Newport.
The supermarket chain received planning permission in Dec 2014 to build a supermarket 
just outside Newport, Isle of Wight. They currently have 525 branches across the country and employ 160,000 people.
ASDA is subsidiary of the American retail corporate giant Walmart. Below are articles relating to the supermarket chain.
·2 min read
South Coast Leisure are seeking a five-year option to buy council land (next to where the new ASDA is planned) for £100,000 less than the valuation and want to rush it through before the beginning of February.
·1 min read
A major, major boost to the council's finances is on the cards from the ASDA deal - but it's unclear if the council know they've disclosed it, as they officially refused to give it to us.
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The Labour councillors say investing some of the expected £20m windfall from ASDA to help save services is a 'no-brainer' and will call on fellow councillors to agree their motion at Wednesday evening's full council meeting.
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The option to buy two strips of redundant land next to the Newport Football ground from the Isle of Wight council for £350,000 will last for five years.
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The council's lawyers say pursuing ASDA for breach of contractual obligations could cost them over £1,000,000 so Executive members are being asked to consider secret recommendations instead.
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Council Executive agree to vary the terms of the ASDA lease, but say that if it's not completed by 1st September they'll take legal action against ASDA for breach of contract.
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After negotiating a £2.4m discount on the original price, Asda have now paid the £17.75million price tag for the land at St George's Park in Newport. Work on the site could start as early as Spring 2016.
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The first of its kind on the Isle of Wight, this community energy scheme could give residents the opportunity to invest in the scheme and receive “an attractive return on their investment”. The IWC may invest £1.7m of ASDA money to get it started.
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Now the Isle of Wight council has approval to use cash from the Asda deal to fund revenue (ie. ongoing services) Cllr Lumley is asking for previous budget cut decisions to be reviewed.
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Ahead of the new ASDA being built, the road layout improvements will be carried out in phases and starts in August.
·3 min read
Proposals for the Isle of Wight Council’s future approach to the management of its budget have been published today (Wednesday 5 October).
