It won't cost a penny, as the public purse won't have to put any money in.
The notional land value of a publicly-owned housing estate is a different matter, and in many ways is irrelevant - unless the council intends to monetise/realise the 'value' of that site at some point. And even if they did, they'd have to spend the income replacing the units lost.
In short - this is the council turning down what at first glance appears to be a good deal from a number of angles.


 
			
			 
					
						 
					
						 
  
  Originally Posted by wonder88
 Originally Posted by wonder88
					
 
					
					
					
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