Sunday, 22 December 2013


Has the Council decided to protect their reputation instead of getting it right 1st time?

Currently they are awaiting sight of Legal advice on 2 separate but distinct issues.

Firstly what will happen in the aftermath of the 2006 & 2009 development agreements running out on the 28th February 2014.

This issue is clouded by the 3 X 199 year leases sold to SFP Ventures (UK) Ltd in 2009 (The same development Keegan says they have spent £5M on)

Secondly the developer has requested a change to the agreement removing a legal protection from the said agreement because they (Keegan) say it will help them get a finance package.

So is this developer the "only game in town" or should TDC tell them to get lost?