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Is this a good thing? I hope it's a good thing.
My reading of the situation is that he wants to cancel the project, but is putting together a watertight case to do so. There's this, plus the National Audit Office and the Charities Commission all looking at aspects of the project. I'm fairly certain they'll find enough dirt around the procurement process to justify it's cancellation.
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I think the issue was less sunk costs, more that they were tied into contracts where the cancellation fee didn't make it worth stopping the project. I guess they may well be looking for a way out of that
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Didn't he already say he wouldn't be doing anything because they've already spent so much money (sunk cost fallacy)? Is he calling for more money to be spent despite this?
He did say that, but since he said it there have been calls from whatever the trust is that 's in charge that they'll need more (much more, like £10m's) money. I think this has given him the opportunity to say that things have changed since his last announcement and presumably an excuse to cancel it.
Edit: Not quite true - some donors have pulled out, so the funding gap has increased:
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christianSpaceman
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Someone who's following this closer than I've been: https://www.london.gov.uk/press-releases/mayoral/review-to-be-conducted-into-garden-bridge-project
Didn't he already say he wouldn't be doing anything because they've already spent so much money (sunk cost fallacy)? Is he calling for more money to be spent despite this?
Is this a good thing? I hope it's a good thing.
The goals (in particular: "To set out any lessons that should be learnt in order to improve the conduct of potential and approved projects in the future") don't leave me that hopeful, however.