Decision made by the Charity Commission on 27 April 2007.
The trustees considered that the charity could be more effective and financially viable if the Palace could be developed. They approached the commission for authority to grant a lease to the developer who submitted the winning bid. The governing document required the commission to consult the public when granting any leases. The commission concluded, after considering representations, that it could give its authority to the lease being granted.
This decision is significant because it concerns a grant of a long lease of a well known public landmark that attracted a substantial amount of representations.