Anyone reading tonight's Evening Leader may have missed this story:
'Make developer pay for Brymbo spine road' - Plaid
Developers who want taxpayers' money to build a new road at Brymbo pocketed nearly £15m in dividends in just one year, research by Plaid Cymru reveals.
Brymbo Developments is asking the Welsh Assembly Government for public money to build the £2m spine road from Tanyfron to Brymbo as part of the redevelopment of the former Brymbo steelworks. But accounts filed for 2005-6 reveal that the company made £16.4m from land sales - and paid its shareholders a staggering £14.7m in dividends.
The company's failure to build the link road has been condemned by North Wales AM Janet Ryder.
Plaid Cymru's North Wales AM said: "I have every sympathy with residents in Brymbo who desperately want this road built. It is a disgrace that the developers have been allowed to get away without putting in the basic infrastructure in to support this development especially as they have profited so much themselves from this development.
"Residents bought their homes in good faith believing that the road would be built, only to see any profits that should have gone towards building the road be paid out as dividends to the developer's shareholders. Now those same developers have the nerve to say they can't afford to build the road and taxpayers should pay again.
"I've been asked by the local Tory councillor for Brymbo to join his campaign for more taxpayers' money to go to Brymbo Developments. I certainly want the road to be built but the company has had plenty of public money already to clean up the site. It has made millions from that site and should finance the road that links those houses to the rest of Brymbo through its own resources."
The company accounts for 2005-6 - the latest filed by the company - admits "the gross margin is substantial and can be attributed to the sale of land".
Janet Ryder said: "To take that much money out of the company in a dividend to shareholders is just plain greedy. A fraction of that dividend could have paid for the road."
The parent company Parkhill 2000 is owned by three men - 90% is owned by Colin Cornes of Shifnal, Shropshire, and the rest by two other Shropshire-based businessmen - Niall Crabb and P J Smyth.
Janet Ryder added: "I understand that Brymbo Developments managed to persuade Wrexham Council to allow it to build more housing on land adjacent to the Sports and Social Club, saying it needed this extra cash to build the road. This time the council had the good sense to insist on a section 106 agreement. This stated that no housing could be built before the spine road had been built but I gather that the company is even refusing to sign this deal.
"I'm surprised that the Tories have been taken in by the company's pleading without doing some basic research into the company's finances. We should not give taxpayers' money to companies who are paying out huge dividends to their shareholders.
"I hope the council sticks to its guns and makes sure the company builds the spine road to ensure the old steelworks site is developed to its full potential in terms of jobs as well as housing."