Mizter T wrote:
From the second half of this BBC News online story...
http://news.bbc.co.uk/sport1/hi/othe...12/4424510.stm


"[Sports Minister Richard] Caborn also said he expects a deal will be
struck within a day over a contested strip of land wanted for the
Olympic site.

London & Continental Railways (LCR) has been involved in a tussle with
the London Development Agency over the 180-acre Stratford City site it
owns as part of a development consortium.

LCR want it for a £4bn development including 4,850 homes, 120 shops
and office space. The LDA has other ideas and there has been talk of a
compulsory purchase order.

It has been argued that the land is essential for access roads and car
parking for the Olympics.

Caborn said: "The best way here for all parties is to have an agreement
and I'm hopeful that will happen in the next 24 hours."


The land in question is (presumably) not needed for the operation of
the CTRL or associated station. A seperate news piece on RailPeople [1]
states that LCR has partnered with two other developers, Chelsfield plc
and Stanhope plc, for the 'Stratford City' development.

Was LCR given any adjacent land by the government as a result of the
CTRL construction, given that the CTRL is a public-private partnership
scheme?

And why and how has LCR become such a big player in property
development? (LCR basically subcontract the UK side of teh Eurostar
operation to a seperate company, Inter-Capital & Regional Rail).


[1]
http://www.railwaypeople.com/rail-pr...opment-17.html
Anybody know why they can't arrange a lease arrangement with the land
owners. They are going to get rock bottom prices because it is
semi-derilict industrial land and after the Olympics it will be worth
billions. A nice little earner for the people doing the compulsary
purchasing.

Kevin