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A RYDE businessman has slammed the sale and subsequent re-purchase of St Thomas Church as an outrageous waste of public money . St Thomas Church was sold by the Isle of Wight Council three years ago for £75,000 but is now being brought by Ryde Town Council for £200,000. George Cullen believes a better deal should have been negotiated, especially during the tough economic climate and limited interest from other buyers. He said: I just cannot understand how the church has increased in value by £125,000 in just three years. It represents a total waste of public money. The individual who purchased the historic Grade II Listed building in 2017 before selling it on again has more than doubled his money on the purchase. ....