Green-light given to 1,000 new Coventry homes on empty council land (1 Viewer)

[SkyBlueCharlie]

http://www.coventrytelegraph.net/news/coventry-news/green-light-given-1000-new-coventry-6236518

Why is this interesting?

In the body of the report is :

"Coventry City Council approve the sell-off of 19 housing development sites as it looks to save £3million per year
Sites earmarked for disposal by 2013/14 are at Arena Park, Canley, Swanswell, Broad Lane, and the derelict central depot in Foleshill, which has already been sold and could accommodate 140 homes.
Sites for disposal by 2016/17 include some of the land around Ricoh Arena called the “leisure land”.

Is this a beginning if the redevelopment of the land around the Arena?

 

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[fernandopartridge]

No. Not without a housing develop or demand. There are sites everywhere with PP for housing. Not many with builders on though.

File it with the marina development they dreamt up for Stoney Stanton Rd.

 

[bigfatronssba]

No. Not without a housing develop or demand. There are sites everywhere with PP for housing. Not many with builders on though.

File it with the marina development they dreamt up for Stoney Stanton Rd.

How many homes have just been built on Bannerbrook?

 

[SkyBlueCharlie]

No. Not without a housing develop or demand. There are sites everywhere with PP for housing. Not many with builders on though.

File it with the marina development they dreamt up for Stoney Stanton Rd.

This is not a Council financed scheme in the same manner as the Marina. It is a response to Government instructions that they must build more homes to meet their projected demand for housing (that's the Govt.'s demand) and attempting to protect green belt land from development at the same time.

The Council will not be doing the building just selling the land on for development and as your comment implied developers regularly buy land and bank it for the future.

 

[fernandopartridge]

This is not a Council financed scheme in the same manner as the Marina. It is a response to Government instructions that they must build more homes to meet their projected demand for housing (that's the Govt.'s demand) and attempting to protect green belt land from development at the same time.

The Council will not be doing the building just selling the land on for development and as your comment implied developers regularly buy land and bank it for the future.

Like I say. Meaningless without a buyer or a market.

 

[Monners]

Councils all over the country are selling off land for the reasons decsribed a couple of posts back. The land is of much greater value being sold for residential and this will be included in the outline planning permission. The buyers are there through developers and the construction industry is starting to move at the moment.

 

[bigfatronssba]

Like I say. Meaningless without a buyer or a market.

How many new housing estates do you know of round here that are empty? The houses get snapped up.

 

[Jack Griffin]

Like I say. Meaningless without a buyer or a market.

So, likewise for any SISU scheme to finance a new stadium by buying a site that housing can be developed on.

 

[pusbccfc]

How many new housing estates do you know of round here that are empty? The houses get snapped up.

Bannerbrook has empties. Yet they keep building more and more.

 

[bigfatronssba]

Bannerbrook has empties. Yet they keep building more and more.

Not many. Builders aren't stupid.