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Re: East Accrington/phoenix projects...
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The case still stands as Chav said, this wont put pressure on house prices to fall, quite the opposite. Prices will only come down if supply is increased. The stock market becomes more confident and investing in business's is made more lucrative than property. That the increased supply of houses is fixed at a low cost [ie not for profit Housing Association houses at part rent part buy] to maximise pressure on speculators and the market. The rent bit is important because rents are calcualted over the lifetime of the property and therefore much much more affordable, are therefore fixed to the actual build cost and do not sufer from market fluctuations and speculation. ie rise exponentially |
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So its important to keep as much as what we have and regenerate the existing. A lot of excting schemes as has been mentioned by other posters will come through eventually. I would like to see them come through quicker but I dont make those kind of decisions [trying not to be political here!!]. Loft conversions, rear garages, refits and refurbs, extensions, redesigns, 2 into 1s, back yard clearances, street scaping etc... |
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The demolition has accelerated for 2 reasons. One Nigel Rix is no longer with us. Two BwD are far more business, legally minded and have expertise in getting the job done more efficiently. Just on a point above. I was wrong. The MSD is owned wholly by ABL [Accrington Broadway Ltd], part of the Jack Walker Foundation Trust and HBC does not have share either in the MSD or ABL. However it has all the Peel street units on a long lease at a peppercorn rent [to re-rent on] and owns all of the market and pavillions. The cost of this package was paid for by ginving the land the old market stood on to ABL/TJWFT at a total value of £1.3m. It seems a low valuation for that site. I still cant figure out how we were part of the development process when it was not our development once terms had been agreed. |
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It seems that critics of regeneration are not alone, according to The Times, the Prince of Wales is to give the Government a verbal slapping today....
http://www.timesonline.co.uk/article...626669,00.html I liked the bit about "business as usual with brass knobs on" It would be really funny if it wasn't so desperately true. |
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Took these while i was walking round thought you might like to see what is going on with the PROJECT
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Very interesting Mick, is the shop shown in the 3rd pic the one HBC paid £70,000 for as per the article in the "Observer"
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Excuse me chaps, but this is one that seems to have got past me. £70K for a derelict, terraced cornerer shop...in a clearance area???? Tell me more.
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It's only derelict because the council want to knock it down. ( As opposed to the council want to knock it down because it's derelict.)
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Its sad that some pillock can sit in an office and make a decision like this that affects peoples lives in a very big way.
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