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Magna Science Adventure Park Gets £150,000 Council Loan

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One of South Yorkshire's top tourist attractions has been given a £150,000 council loan to keep it out of the red.

Rotherham council said Magna Science Adventure Park at Templeborough has been loaned money at a commercial rate of interest for 12 months.

The attraction, which opened in April 2001, cost more than £40m, half of which came from lottery funding.

It is run by Magna Trust, a registered charity whose constitution does not allow it to go overdrawn.

Rotherham Council previously agreed a £200,000 loan to Magna last September and said that would be repaid at the end of this month.

The new loan, together with interest, is to be repaid by September 2011.

So last year it had a £200k loan, this year it gets a £150k loan. Isn't the council just paying itself back here more or less?

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So if it's "a top tourist attraction" why does it continually need to have the begging bowl out.

It originally cost £40 million. There must have been something more worthwhile and beneficial they could have spent that amount of money on rather than a begging bowl centre.

costs too high...demand too small.

but, as usual, with government handout...Managers salaries can remain unchecked.

a small business would stop paying the salaries. cut costs..make it work...or die.

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