According to Peter legally all the Council can offer is the market value +10% so the owners of the properties will receive bottom dollar.
Is that not for CPO?
I'm sure they are offering a value based on if the area wasn't run down, plus something like 10%, plus some other add ons like moving compo, etc.
Isn't that the nature of business, it doesn't make it okay to pretend the schemes are separate so that you can get the council to issue CPO's. Not to mention the bollocks about Lothair Rd having to go so a Housing association could build a hotel.
The council isn't issuing CPO's for starters.
Secondly yes it is the nature of business, but then is it in the wider residents interests, who LCC represent also, that LFC don't do move and don't expand and therefore make zero investment in the area whilst also leaving the houses they own (majority) in the state they are?
The council have to represent the majority, and sometimes that means the minority (the 8 or so house owners) don't get what would be best for them.
And the publically agreed plan is for the opposite side of Lothair to become the training hotel, Your Housing has set up the Oakfield Project already which is expected to move into that training hotel.
What happens if the Stadium expansion doesn't happen and the Council has wasted millions buying and knocking down houses because there is no planning permission and even if it is granted we can't be sure it will go ahead. Is that really what the council should be doing at a time of budget crisis.
It's a risk for the council, but my bet is they have some sort of agreement with LFC that if they land is available then it will go ahead, or at least they will agree a lease on it no matter what the decision.
And it is not going to cost millions. It is 8 houses that are required for the stadium which I doubt will be much more than £1m in total.
And as said, they will receive a pretty income from the lease, as well as the added income from the rates (as Rox just said).