Developer claims Gehry could return to troubled King Alfred scheme
The news comes less than 24 hours after it was revealed that Dutch bank ING has pulled out of funding the mixed-use development.
Despite confirming earlier this month that Gehry had walked away from the scheme, Karis managing director Josh Arghiros was adamant that the world-famous architect could return to the scheme, even though he had not spoken to Gehry since January.
Arghiros told the AJ: ‘I think Frank would appreciate having the chance to go back to the scheme and tweak it the way he would want it to be.
’Frank likes to keep working on his projects even after planning is approved, and that is what he found difficult with the planning system over here.
‘Frank and I are friends and I have no reason to doubt that he wouldn’t take my call.’
Speaking about ING pulling out of the scheme, Arghiros said it was ‘totally understandable considering the economic climate’.
He added: ‘We are now having discussions with the council and other investors who could buy into Karis Holdings, about how to move forward.’
It is the latest in a long line of bad news for Karis which has been accused of breaching its Section 106 agreements after admitting Gerhy had washed his hands of the scheme (AJ online 25.07.08).