- Oct 8, 2004
- 1,640
- 49
I don't think the revised plan for NDP that got planning approval is viable. The original plans were. Remember the first set of plans were for 450 affordable homes when the CABE saw the plan, they decided that was far too many and Levy had too reduce the number to 200. Now bear in mind that the homes being built on the site were essentially to offset the cost of the stadium than that is more than half the anticipated income from the sale of flats. I suspect that levy knew the revised plans were unviable even as the planning consent was being decided. He had to get planning permission for the site simply so that at least the land now has value as at the very least it can be sold to any prospective developer.
No other developer is going to build the NDP, so they'd have to submit planning again anyway, the only 2 possibilities for him going ahead with planning, IF it wasn't viable at the time, was either because he thought it would become viable or because it would increase the value of the club for any possible sale.