Trichy Civic Body Faces ₹121 Crore Deficit from Vacant Spaces
TRICHY: The Trichy City Corporation is facing a significant funding crisis, raising alarms among councillors about the timely implementation of developmental initiatives as the assembly elections approach. Several commercial complexes established under the Smart Cities Mission are either vacant or incomplete, leading to considerable revenue losses for the corporation. There are at least 58 shops in three Corporation-owned complexes that have remained empty for three years, with the potential to generate over 2 crore in annual rental income if fully occupied. For the financial year 2025-26, the corporation anticipates revenues of 579 crore against expenditures of 700 crore, resulting in…