tag:blogger.com,1999:blog-1141932539860553199.post4718959005877805226..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: This could go either way...Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1141932539860553199.post-48926957078425842462014-11-09T12:32:21.245+00:002014-11-09T12:32:21.245+00:00M, we have discussed in person :-)
B, well, that&...M, we have discussed in person :-)<br /><br />B, well, that's the thing. Round the corner from where I work is a massive site owned by Crown Estates and they are doing exactly what a private developer would have done, i.e. knock down a collection of ramshackle buildings and replacing it with some bigger shinier new ones.<br /><br />The contractors, architects, building workers etc are all making a decent wedge, and the rest goes to the government.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-33209008078943198592014-11-08T20:51:37.569+00:002014-11-08T20:51:37.569+00:00If it's sensible and doesn't make anyone a...If it's sensible and doesn't make anyone a quick buck, then it won't happen.Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-84737821454806395242014-11-07T13:11:00.653+00:002014-11-07T13:11:00.653+00:00I reckon they set up a company, the council gets 4...I reckon they set up a company, the council gets 49% equity (i.e. 49% of rental profits) and the developer stumps up the entire building cost and gets 51% equity. Solves the problem of silly s106 agreements where the council insists on 'affordable' housing. This way they cream off the land value and can use it to offset their housing benefit liability. In very high rent areas, they could even afford to pay the council a lump sum or (preferably) a lease of some sort so that the council doesn't lose the land value forever.mombershttps://www.blogger.com/profile/09650866436764567516noreply@blogger.com