LCR's Stratford City land wanted for Olympics
"umpston" wrote
Better to negotiate agreement, as Richad Caborn says, and save the time
and legal fees. But if they cannot agree it may be that the CPO
process is the only way to establish what the fair value for these bits
of land should be.
If they cannot agree by negotiation, they can avoid the CPO process by
agreeing to appoint an arbitrator to come up with a fair price, or possibly
by appointing a mediator to help them copme to an agreement. As well as LCR,
there are a lot of small businesses on the Olympic site, some of which own
their premises, and others own leases. They all have to be bought out, and
for some of them finding suitable alternative premises, or even moving or
replacing equipment, presents a real difficulty.
Peter
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