From The Evening Standard:
Cash compensation could be paid to west London residents if a third runway is built, the man leading the airports commission revealed today.
Sir Howard Davies said he would look at whether financial payments should be given to people under the flightpath if Heathrow expansion or rival schemes at Stansted or Gatwick get the go-ahead.
It's 'absolutely' again
15 minutes ago
7 comments:
You can guarantee that all those West Londoners would moan like whores if it was announced that Heathrow was to be closed and a new airport was to be built in the Thames estuary, partially funded by a 100% tax on the increase in the value of the housing in the areas currently under the Heathrow flightpath.
One way to sort this out would be at this stage to announce to these householders that they could only be entitled to compensation for an third runway at Heathrow if they agreed to pay "anti-compensation" if Heathrow was scrapped.
B, yes, airplane noise is annoying, but 70,000 people work at Heathrow, so the presence of Heathrow is a mixture and negative and positive when it comes to its impact on rental values.
Lola. Totally.
MW. Its the same with nuclear power stations.
The net net is that continuous highly dangerous planet destroying ionising radiation leaks cause employees to flock in and create a thriving community.
Ive not looked at land values. But at least in the locality, all else being equal they will be higher.
L, once you're on the gravy train, you're on it for life. They don't throw you off for being crap.
What if the third runway were to make land values go up? Would the owners get negative compensation?
B True True. That's where I went wrong.
P, tsk tsk, you know that the government likes to see landowners in a win-win position, so of course there is no negative compensation. That's their private wealth which they've earned fair and square, it's only the losses which are always everybody else's problem.
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