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Topic: Re:Re:Re:Re:SaveOurSkyline Campaign
Posted by: Mrs Una Hodgkins
Date/Time: 10/11/10 12:49:00

The council are GIVING Helical Bar and Grainger plc ("King Street Developments") the car park and the registry office which together constitute over 50% of the land area or "footprint" of the development. The other parts are Cromwell Mansions and the cinema. Cromwell Mansions will be acquired by compulsory purchase from Pocklinton Trust, and the cinema is already owned by St James Developments (Tesco land bank), so Tesco are presumably well-advanced in their negociations with KSD for their new supermarket.
The open market value of the full site should be more than £50M (one third of the selling price of the 320 flats, say £160M), but "King Street Developments" are going to acquire it for just the cost of the mansion block (say one fifth or £10M - IF an "open market" value is available under such a forced compulsory purchase?), plus the new offices to be used by the council but which would have been built anyway, plus the cost (£3M?) of pulling down the extension and making good the north-facing square. The costs are minute - approximately £20M and mostly IN KIND. The council have left themselves at the mercy of the quality of the design and build actually realised and are NOT receiving hard cash for council tax payers. And we are going to have to wait a long time for the flats to be actually sold and the Band H council tax to start to come in.... but the planning permission granted will be EXTREMELY valuable to KSD who can sell on the site at any time. The council are over a barrel.


Entire Thread
TopicDate PostedPosted By
SaveOurSkyline Campaign14/10/10 16:44:00 Madalyn Roker
   Re:SaveOurSkyline Campaign15/10/10 00:26:00 Rosemary Pettit
      Re:Re:SaveOurSkyline Campaign16/10/10 06:58:00 Ellen Kearney
         Re:Re:Re:SaveOurSkyline Campaign16/10/10 15:55:00 Jenny Durley
            Re:Re:Re:Re:SaveOurSkyline Campaign18/10/10 14:42:00 Ellen Kearney
               Re:Re:Re:Re:Re:SaveOurSkyline Campaign18/10/10 16:38:00 Rosemary Pettit
      Re:Re:SaveOurSkyline Campaign16/10/10 19:34:00 Mrs Una Hodgkins
         Re:Re:Re:SaveOurSkyline Campaign20/10/10 14:03:00 Paul Corcoran
            Re:Re:Re:Re:SaveOurSkyline Campaign20/10/10 14:24:00 Rosemary Pettit
               Re:Re:Re:Re:Re:SaveOurSkyline Campaign20/10/10 14:40:00 Paul Corcoran
                  Re:Re:Re:Re:Re:Re:SaveOurSkyline Campaign20/10/10 15:47:00 Rosemary Pettit
                     Pocklington Trust Housing20/10/10 17:43:00 Paul Corcoran
                        Re:Pocklington Trust Housing20/10/10 17:54:00 Rosemary Pettit
                           Re:Re:Pocklington Trust Housing20/10/10 18:14:00 Paul Corcoran
   Re:SaveOurSkyline Campaign04/11/10 07:42:00 Ellen Kearney
      Re:Re:SaveOurSkyline Campaign04/11/10 12:56:00 Rosemary Pettit
         Re:Re:Re:SaveOurSkyline Campaign04/11/10 23:05:00 Paul Corcoran
            Re:Re:Re:Re:SaveOurSkyline Campaign10/11/10 12:49:00 Mrs Una Hodgkins
               Re:Re:Re:Re:Re:SaveOurSkyline Campaign23/11/10 15:08:00 Ellen Kearney
                  Re:Re:Re:Re:Re:Re:SaveOurSkyline Campaign23/11/10 15:34:00 Mrs Una Hodgkins
                  Re:Re:Re:Re:Re:Re:SaveOurSkyline Campaign23/11/10 16:08:00 Rosemary Pettit
                     :SaveOurSkyline Campaign23/11/10 16:51:00 Madalyn Roker
                        Re::SaveOurSkyline Campaign23/11/10 17:04:00 Mrs Una Hodgkins
                           Re:Re::SaveOurSkyline Campaign20/01/11 09:22:00 Paul Corcoran
                              Re:Re:Re::SaveOurSkyline Campaign20/01/11 10:00:00 Mrs Una Hodgkins
                                 Re:Re:Re:Re::SaveOurSkyline Campaign21/01/11 09:06:00 Paul Corcoran
                                    Re:Re:Re:Re:Re::SaveOurSkyline Campaign16/02/11 13:57:00 Ellen Kearney

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