| Topic: | Re:Re:Re:Re:Barratt & TfL Proposed Development Acton Lane | |
| Posted by: | Basil Finnis | |
| Date/Time: | 07/04/23 08:20:00 |
| From a post by Mr Lambert on the Brentford forum. 'The reality is that local councils have very limited influence on who buys land, decides what they want to build, and when, and who they target as purchasers. Of course, major applications come to planning committee but developers are mostly interested in making a profit and any attempt to reduce the developers net profit below 20% net will regularly be appealed and the inspector will normally find in the developers' favour in that instance. Of course as a local authority we try and get the best outcome we can but we live in a world ruled by largely unfettered capitalism and frankly if the Chinese, Americans, Saudis or Irish can outbid locals they will win.' That's all you really need to know about Hounslow and Ealing. I'll wait for the usual squeeks about' jobs, growth, affordable housing' from the council fanboys and fluffers |