T
The Grumpy Loyal
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HC Green":2y0h34u4 said:The Grumpy Loyal":2y0h34u4 said:Oh and the latest propaganda article in the Herald emphasises my belief that I stated a few weeks ago that Brent has never had any intention whatsoever of actually building the hotel and offices etc on HHP. He is simply waiting on planning permission to be granted then he will sell the land (with a huge uplift in value after planning permission is granted) to the first Tom Dick or Harry that makes the highest bid.
http://www.plymouthherald.co.uk/news/pl ... ark-845478
God knows what PCC must be thinking about the whole Millbay scheme. They've put that whole development in the hands of someone who has no money to finance it, and is totally reliant on trying to find REAL investors with REAL money to get the scheme built.
It's like groundhog day with the HHP mk1 non-development. :facepalm:
And any uplift in the value of the land will benefit Argyle as they are guaranteed 50% of any windfall profit from the development.
Youāre getting a bit confused HC. The 50% windfall profit relates to the HHP area where the Ice Rink is earmarked. The hotel down on the south western flank is a totally private James Brent venture.