Tuesday, 23 September 2014

Manston airport site sold to new owners

The council has today (Tuesday 23 September) been informed that the Manston Airport site has been bought by regeneration specialists, Trevor Cartner and Chris Musgrave - part of the Discovery Park consortium responsible for developing the Pfizer site in Sandwich.
As part of the news, the council also understands that a new proposal for the site will be suggested – a mixed use scheme which the partnership envisages will create more than 4,000 jobs but would not retain the airport.
The council is already part-way through a process to review whether compulsory purchase of the site is a viable option following a petition presented to the council on 10 July.
The outcome of a soft-market testing exercise to identify suitable indemnity partners to cover all of the associated costs of a CPO will be taken to Cabinet on Thursday 16 October.
The council will then undertake a wider review of the options for the site and as part of this would seek further details from the new site owners to understand more about their proposal.
A report outlining all of the options for the future of the privately-owned site will then be brought to a Full Council meeting for all 56 Councillors to consider.
The council has been clear that a CPO will not go ahead unless there is evidence of the economic viability of the site operating as an airport and a suitable investor identified to cover all of the costs required.

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