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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 |
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