Directors of an ethical investment fund who accused Birmingham City Council of failing to understand sustainable development have been told they were not successful in bidding for a #57million contract to regenerate Eastside.
Igloo Regeneration was shortlisted to build the VentureEast technology park, which will transform 16 acres between Millennium Point and Lawley Middleway and create 5,000 jobs.
Igloo's deputy chief executive David Roberts predicted before Christmas that his company was unlikely to get the contract, claiming that the council and partners Advantage West Midlands would choose an "unimaginative shed scheme" of housing and offices in order to make money from the site.
Mr Roberts said the council was unable to respond to "enlightened developers" who wanted to bring forward sustainable schemes. It had been difficult to have an environmental dialogue with council officers, he added.
Igloo has now been told that its bid to mastermind VentureEast has not been successful.
The contract is to go Arlington Securities, a property company owned by the Australian conglomerate Macquarie.