| Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Residents launch LBH Watch | |
| Posted by: | Nick Marbrow | |
| Date/Time: | 11/08/10 14:30:00 |
| Adam, Lets make sure that we associate the costs of major developments with the potential profits of such a development, and not associate that scale of costs with an extension or modification to a single dwelling. If you take say the application to convert the Master Robert to a five story Hotel and 47 two, three, and four bedroom houses, this is a major investment which will make considerable demands on the existing infrastructure – roads, public transport, doctors, teachers, school facilities. The developer is looking at very significant profits on his investment. Historically consideration of the impact of the development on the existing infrastructure was not a major issue or a significant cost item. Our borough is now extremely overcrowded, and the infrastructure is struggling to cope, particularly the roads. The properties will probably command prices of between £250,000 and £600,000. For participation in the pre-existing infrastructure each house should make a modest contribution of say £25,000. The hotel should make a contribution of say £2,000,000 (based on 200 rooms at £10,000 per room). A total contribution of, say £3,175,000. What is your estimate of what the contribution will actually be? |